Originally Posted by ChiliConCarnage:
Buying in fractions is amazing but share price does matter. Let's say Amazon is 6k/share and I have 10k. Fidelity has a great new app and is paying to transfer your account so I want to move my account. I'll end up with 1 Amazon share and 4000 dollars and a tax bill from any profits on my fractional amount. At least I wasnt a guy with 5k of Amazon who had his whole position sold off. I'd rather my amounts held in fractions stay smaller.
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.
Good observation. Hadn’t thought about that. [Reply]
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. [Reply]
Originally Posted by BigBeauford:
Man, my Tesla stocks have been so hot. Anyone else know of any other "meme" companies I am unaware of? I've got some cash to dump.
I love Tesla. I'm up over 400 percent on it. It's my biggest star.
I just bought a tiny amount of CVAC. It's pure gambling, but I figure if the Gates Foundation is behind it, that's going to open a lot of doors. [Reply]
Originally Posted by BigBeauford:
Man, my Tesla stocks have been so hot. Anyone else know of any other "meme" companies I am unaware of? I've got some cash to dump.
WTF is a meme company?
Why don't you just buy more Tesla. It's only going higher. Up 8% right now today. [Reply]
One of my best friend's has the following 3 stocks as his largest holdings, and I mean large!
1. Tesla (Bought at $388) 300 shares down from 400 shares he sold around $1000
2. Square (Bought at $32) 1,500 shares
3. Shopify (Bought at $740) 100 shares
He is a very happy guy right now. He is the best non-pro stock picker I've ever seen. He told me about Chegg at $30 and a few others that have done incredible. [Reply]
I’ve seen some shit on r/wallstreetbets suggesting corn going on a substantial rally.
If anyone is contemplating it, be cautious.
That storm that rolled through was fucking for real. But the market hasn’t really moved. Weather markets in the grains are super volatile and over quick. There have been some up days but nothing really at all out of the ordinary, all the while that storm is in the news.
The other side is the governor of Iowa said 10M acres flattened. If we assume 50:50 corn:beans and 200bpa:60bpa that’s 1 billion bushels of corn and 300M bushels comes of beans. As a nation we grow 14.5 billion bushels of corn a year and 4.4 billion beans. So whatever order of magnitude the damage is on those acres, it moves the needle.
But with ethanol shitting the bed, the meat market fucked up, and exports being down this year, it may not move it much. Idk, I’d have to do a ton more research than I’m willing to do.
All I know is weather markets move quick and this one is not.
Here’s your free advice. You get what you pay for. [Reply]
Originally Posted by Hog's Gone Fishin:
WTF is a meme company?
Why don't you just buy more Tesla. It's only going higher. Up 8% right now today.
Meaning it seems like Tesla is on a bubble. Its earnings don't support its prices. The PS ratio is over 12. Tesla is on another level because people believe in Elon.
It seems prime for a crash, but keeps going up and up. [Reply]
Originally Posted by Buehler445:
I’ve seen some shit on r/wallstreetbets suggesting corn going on a substantial rally.
If anyone is contemplating it, be cautious.
That storm that rolled through was fucking for real. But the market hasn’t really moved. Weather markets in the grains are super volatile and over quick. There have been some up days but nothing really at all out of the ordinary, all the while that storm is in the news.
The other side is the governor of Iowa said 10M acres flattened. If we assume 50:50 corn:beans and 200bpa:60bpa that’s 1 billion bushels of corn and 300M bushels comes of beans. As a nation we grow 14.5 billion bushels of corn a year and 4.4 billion beans. So whatever order of magnitude the damage is on those acres, it moves the needle.
But with ethanol shitting the bed, the meat market fucked up, and exports being down this year, it may not move it much. Idk, I’d have to do a ton more research than I’m willing to do.
All I know is weather markets move quick and this one is not.
Here’s your free advice. You get what you pay for.
There is going to be a crop assessment starting today in the Iowa, Illinois and Indiana areas that are affected. 100 mph winds may or may not ruin a crop. If it's just laying over it's fine, if corn is broken at the stalk you'll only be able to salvage a small percentage. There's an assumption that most of these farmers have crop insurance... insurance for out buildings, too. [Reply]