Investing General Discussion

Rangoth said:

Is there a specific reason for this or just company loyalty and that's where your money is?

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The recent issues with Robinhood underlined for me that these smaller brokers just don't have what it takes when things get crazy.

I've had a Fidelity account since 2006 with my 401k and long term investments in it.

At some point I took a few tens of thousands of dollars out of my long term investments and started day trading on Robinhood for fun. The AMC meltdown with Robinhood and the other small brokers have soured me on them. Fidelity never fell to any of it.

The only thing Fidelity lacks is a good UI on mobile.

Enob said:

Any ideas on why Webull won't allow me to buy CPUH? Says I can close out positions but not open any. I doubt this is the same clearinghouse issue that RH had and Webull didn't limit buys during the GME/AMC craze.

Planning on moving to Fidelity soon but this is frustrating.

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WeBull doesn't allow units or warrants to be traded.

Enob said:

Any ideas on why Webull won't allow me to buy CPUH? Says I can close out positions but not open any. I doubt this is the same clearinghouse issue that RH had and Webull didn't limit buys during the GME/AMC craze.

Planning on moving to Fidelity soon but this is frustrating.

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None of my broker programs are allowing it either. And Stash takes an age and a half to make your money available to you after you sell. Difficult when I'm trying to reinvest and have to wait eight days. I need to get on Fidelity, but I'm one of the people locked out of their own account because an employer made it at some point and I'm waiting for them to sort it out. Looks like I won't be able to hang off of the tailpipe of the CPUH car you guys are in, would if I could.

Khane said:

I've never bought units before.

So if you bought units now of CPUH you don't actually sell them at a later date. You convert them to common stock (preferably when the unit price is higher than the common stock price?) and then you can do as you please with the common stock.

Is this correct?

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Units also include warrants, this being 1/4 warrants. So you get shares and 1/4 warrants.

Since I bought 2800 shares of CPUHU, I'll get 2800 shares of CPUH and 700 warrants. (Fogel can slap me if I'm wrong.)

Khane said:

I've never bought units before.

So if you bought units now of CPUH you don't actually sell them at a later date. You convert them to common stock (preferably when the unit price is higher than the common stock price?) and then you can do as you please with the common stock.

Is this correct?

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Sort of. You can keep the units and buy/sell them as well up to merge I believe.

yimmien said:

Fidelity has taken almost 2 weeks to turn my deposit into settled funds. I am missing out on meme stock gambling because it won't let my buy stuff like HCMC until it settles.

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I am guessing it is because you are a new account and they are probably slammed right now. I get instant trade access to my funds I move in but I have been with them for decades.