$Wolfspeed (WOLF.US)$ Bought at 1 and sold at 13 but now the...
$Wolfspeed (WOLF.US)$ Bought at 1 and sold at 13 but now they say I owe them money. how ah?
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Market Insights
Hot Topics
Trump's 'Taco deal' sparks market rebound : Market rebound sustainable ?
1. If tariffs pause, which sectors benefit first? 2. Trump's "threat-compromise" cycle normalizes—how to hedge across assets?
Moo Options Explorer
Apr 7 17:28
Weekly roundup: Tariff turmoil and recession fears dominate
Space123 : Due to the dilution of old shares (95% loss of principal) and your sale last night, it is equivalent to shorting the new shares. You are caught in a double bind.
104610863 OP : Sorry can explain further
104610863 OP : What should my next step be?
101607798 104610863 OP : wait out first. a number of us (including myself) have approached CS. Moomoo is coming to a solution but you can expect whatever profit you made will be clawed away.
70902906 : When you bought at $1, it was the old stock, which is worthless now because they have cancelled all the old stocks. What you sold was the new stock. However, since you never bought the new stock in the first place, what you sold was not yours. In essence, you were doing short selling of the new stock. As such, you owe them the stock that you sold.
大哥快上马 104610863 OP : Contact customer service via phone or leave a message, as this is an issue with the platform. Trading should not have been allowed yesterday, and many people were unaware that trading could not continue. The platform directly short-sold without permission. If necessary, everyone can unite to file a lawsuit, as this represents a significant system vulnerability.
EJ22 70902906 : So it is better if we didn’t sell any wolfspeed stock last night? Just let the old stock disappear and don’t touch the new stock?
大哥快上马 70902906 : This is a system vulnerability. If trading has been suspended, trading should not be allowed, as other platforms do not permit trading.
Optimistic_B 大哥快上马 : yes, we should if moomoo doesn't cover the losses incurred from negative shares
104610863 OP : So if I don't pay for the loss what will happen
View more comments...