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08-11-2020, 07:04 PM | #5866 |
Mod Team
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Location: Valley of the hot as ****
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08-11-2020, 08:12 PM | #5867 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Not that I don't mind some great pump and dump options, but some good dialogue in this thread could make it valuable.
Just a bit of thought on Apple. Most people already "own" a large position in Apple given it's heavy weight carried in many index and mutual funds that people own. Many times people will select funds in their 401k and not even know their exposure to the top companies within that fund, which many times includes Apple. I personally have no need for owning Apple as my exposure through funds is already quite high. That doesn't mean I won't swing trade it or sell/buy options on it if needed. Owning it long term is already factored into my 401k and ROTH IRA, however, so weighting myself further to Apple with individual stocks isn't a need for me. Just some food for thought. |
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08-11-2020, 08:18 PM | #5868 | |
MVP
Join Date: Oct 2017
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Quote:
Exactly, It's also interesting how many people choose to actively manage the bulk of their portfolios when generally this will underperform in the long term. |
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08-11-2020, 08:19 PM | #5869 | |
MVP
Join Date: Oct 2017
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Quote:
Yep |
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08-12-2020, 12:30 AM | #5870 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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A stock split brings in MORE individual investors.
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08-12-2020, 09:41 AM | #5871 | |
The Seated Villain
Join Date: Apr 2007
Location: Seattle
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Quote:
AMD did go up this morning, so while it's still unlikely to get to $87 by the 21st, it's more likely than it was yesterday. I sold the options today at $0.83 each. 48% profit in one day isn't too bad. If AMD had gone down, I could have potentially lost my entire investment, but it wasn't a very high dollar amount. |
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08-12-2020, 11:32 AM | #5872 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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08-12-2020, 11:42 AM | #5873 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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08-12-2020, 04:10 PM | #5874 | |
TACO SALAD
Join Date: Apr 2008
Location: yes
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Quote:
I don't have fractional selling so I'd rather have more shares for flexibility. If I've got 2 shares of AMZN for $6400, the only way I can take profit is selling 50% of my position. I'd much rather they 4 to 1 split and give me the option of selling a smaller slice. Fraction selling/buying is pretty new. Even if half of US brokerages have some version, people from outside the US buy on our markets and tend to not have as great of brokerage options. |
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08-12-2020, 04:20 PM | #5875 | |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
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08-12-2020, 04:28 PM | #5876 | |
MVP
Join Date: Oct 2017
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08-12-2020, 04:46 PM | #5877 |
The Seated Villain
Join Date: Apr 2007
Location: Seattle
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I'm on Robinhood, which allows fractional buying and selling, but I haven't done it yet. I feel like it would bother me owning only a fraction of a share of something.
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08-12-2020, 04:48 PM | #5878 | |
TACO SALAD
Join Date: Apr 2008
Location: yes
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08-12-2020, 05:16 PM | #5879 |
Indian Twitter
Join Date: Nov 2000
Location: Free Agency
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Made back today what I lost yesterday and maybe a fraction more. I'm thinking these swings are going to be common place until the election. If in the short term Trump starts looking undefeatable the DOW will hit 30,000..
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08-13-2020, 07:34 AM | #5880 |
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