I cannot believe with my eyes that it has passed 4 months now and nothing happend. No notify, no clarification, no solution⦠nothing. In the end itās only and our āfaultā only
Can you advise when IQST will be able to buy again, I really want to purchase some shares into this as I believe it to be a long term hold @admins @Team212
Try tag @Team212 for visibility.
Good shout, thanks for that
Vision Lithium ($ABEPF) has been buy restricted for four months now. It has come down from the initial peak and is now most definitely at the bottom and consolidation is firmly underway. Yet in those 4 months I havenāt been able to average down once due to buy restrictions. Iām 82% (Ā£1500) down and not being to average down is absolutely infuriating. Not able to find a single update on this forum about any future release on the buy restrictions despite the stock looking healthy again.
@Team212 Any update on ABEPF? Surely four months is enough time to have an update.
my account is suffering because of these buying restriction with no update on whatās happening in the future!!
ATVK - £3,096.15 (- 84%)
EUSP - £183 (- 79%)
IQST - £305 (- 61%)
KWBT - £1260 (- 80%)
LTMCF - £483 (- 67%)
Cant average down and donāt know what to do!!
@dragonball not being able to buy some OTC stocks can be frustrating. However looking at your trades above it is probably a good thing these restrictions are in place. If you are down that much then averaging down is just throwing more money onto the fire (unless there is some dramatic reversal in the share price movement).
Edit: The above is not a dig at your trading simply an observation on the above trades
Of course you are free to do what you want with your money, but do you really want to throw more money into this? You were a victim of a pump-and-dump and you are lucky you couldāt buy more.
That is beside the point. In no way should these restrictions be considered a good thing just because they saved some rookie retail investors from bad trades, which was at the cost of absolutely shafting the people that did already invest through T212. Iāll give you the jab at dragonballs wonky trades but nobody in their right mind should be defending the actions taken by T212 here.
do you really want to throw more money into this
Yes.
That was a rhetorical question!
Or so you thought.
Just because most penny stocks are extremely volatile doesnāt mean they canāt be long term holds.
One as a small investor should look into small companies with strong moats, growth potential and or undervaluation at a good risk to reward ratio. That is the best space for a small investor since thereās barely any competition unlike big companies.
I donāt know what the particular case is for some of the popular penny stocks among retail investors such as the ones that get takes about in here, but there could be hidden gems out there that you have 0 chance of getting into now.
As the saying goes, volatility ā risk
That been said, I understand penny stocks are much harder to trade for brokerages. Which is a shame but thatās how it is⦠Thankfully not all small companies are penny stocks
In the financial markets, Volatility = Risk, itās known as Market Risk.
For example:
Market risk is the risk of losses in positions arising from movements in market variables like prices and volatility.[1] There is no unique classification as each classification may refer to different aspects of market risk. Nevertheless, the most commonly used types of market risk are:
- Equity risk , the risk that stock or stock indices (e.g. Euro Stoxx 50, etc.) prices or their implied volatility will change.
- Interest rate risk , the risk that interest rates (e.g. Libor, Euribor, etc.) or their implied volatility will change.
- Currency risk , the risk that foreign exchange rates (e.g. EUR/USD, EUR/GBP, etc.) or their implied volatility will change.
- Commodity risk , the risk that commodity prices (e.g. corn, crude oil) or their implied volatility will change.
Risk for traders who buy and sell the same stock every week or so I suppose, but not for investors. No way. If anything it provides for more opportunities.
Risk is always present, not matter the time horizon or the type of investors. There are always risks. There isnāt any risk-free asset, as there isnāt no risk in life.
An example, is the asset managers/banks/other investors that do regular stress tests including measuring the risk exposure their investment portfolio have and regular risk management analysis. Some risk measurement include the KRIs, like VaR and CVaR.
Central Banks also do stress tests on banks and other relevant financial institutions and demand certain ratios on those, that ratios include the evaluation of market risk (equity risk, interest rate risk, currency risk, etc), liquidity risk, credit risk and other risks.
KRI - Key risk indicator - Wikipedia
Any news when the restrictions will be lifted? 6 months without any information is a shame .
Just a thought, but everyone who has read this thread knows the ruling is coming from Interactive Brokers.
Yet everyone seems to think the best way to get answers is to come on this thread and demand them from 212, who are likely frustrated by IBKRs silence on the matter to them.
If everyone here redirected their grievance to IBKR directly, and gave THEM the headache, perhaps they might A) provide answers, or B) see some traction.
Ways to contact IBKR;
Twitter: https://twitter.com/IBKR
Online Enquiry Form: Contact Us - Email | Interactive Brokers LLC
Phone Numbers: Contact Us - Phone | Interactive Brokers LLC
Web Chat: ibtools
I tried the Web Chat myself. They werenāt helpful and instead just directed me back to 212.
HOWEVER, I would compel everyone to do the same and INUNDATE IBKR with these queries so they are pressured into engaging and resolving this matter sooner.
My experience of Interactive Brokers is appalling. Even worse than 212. Copy paste answers. Zero customer service. Zero progression. But a huge shame that 212 canāt give an update after more than 6 months here.
Does that not just reflect that IBKR are the ones dragging their heels though? They wouldnāt give me an update on the matter because it was specific to T212ās account and they are fully able to raise their own tickets with IBKR for updates.
Iād imagine this is a weekly chaser for T212 and IBKR are the problem here.
Iāve said before and Iāll say again: sooner T212 can break away from IBKR the better. Dependencies on an uphelpful vendor you can do without. (However I will caveat this by saying Iāve no idea what breaking away would mean for OTC stocks continuing to be offered on 212ās platform - donāt know of many other UK/EU platforms that offer such access)