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08-12-2020, 09:41 AM | #5881 | |
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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Posts: 10,689
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08-12-2020, 11:32 AM | #5882 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Posts: 52,112
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08-12-2020, 11:42 AM | #5883 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 57,710
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08-12-2020, 04:10 PM | #5884 | |
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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Posts: 6,249
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08-12-2020, 04:20 PM | #5885 | |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Posts: 142,672
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08-12-2020, 04:28 PM | #5886 | |
MVP
Join Date: Oct 2017
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Posts: 7,373
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08-12-2020, 04:46 PM | #5887 |
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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Posts: 10,689
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08-12-2020, 04:48 PM | #5888 | |
TACO SALAD
Join Date: Apr 2008
Location: yes
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Posts: 6,249
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08-12-2020, 05:16 PM | #5889 |
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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Posts: 15,357
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08-13-2020, 07:34 AM | #5890 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,070
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08-13-2020, 07:35 AM | #5891 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,070
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08-13-2020, 08:16 AM | #5892 |
MVP
Join Date: Aug 2000
Location: Lee's Summit
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Posts: 8,287
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08-13-2020, 08:40 AM | #5893 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,070
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08-14-2020, 06:23 PM | #5894 |
MVP
Join Date: Oct 2006
Location: West of the Equator
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Stock splits meant A LOT about 25 years ago and before. Individual online trading started in the mid 90s in a big way and changed the industry.
It takes a while for old adages to work their way through the mindset. Kind of like changing engine oil every 3000 miles. That became obsolete in the mid 90s but people still followed that "rule" even into the 2010's. Anyway, the reason stocks splits were a hot item back in the day is that you had to go through a broker to buy/sell. Most brokers wouldn't even answer your call if you weren't trading 100 shares. Well, if a stock was trading at $50 ($5000 investment) it would be a big chunk to buy. If it suddenly went to $25 that was a great opportunity to get in. People would buy en mass and drive the price up. Hence, a stock split meant there were going to be buyers. Not so much anymore. It's kind of like when Berkshire bought Burlington Northern. Part of the deal was to make Berkshire shares affordable to their new railroad employees (mostly in their stock matching in retirement funds). They offered a new share of Berkshire at 1/100 (if I remember correctly) to accommodate people that didn't have thousand$ to buy a single share. It initially brought in buyers and drove up the price. It settled down and makes no difference now. |
Posts: 13,705
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08-14-2020, 10:49 PM | #5895 |
Fish are scared of me
Join Date: Nov 2001
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Last edited by Hog's Gone Fishin; 08-14-2020 at 11:46 PM.. |
Posts: 40,779
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