RE:RE:RE:RE:Today's actionfabdaq2021 wrote: It was down over $5 this morning, that was a huge downward move. Man what a turn around, love it. Also re splits I've started to change my mind re them. Always said that the retail investor is a small fish surfing with the kahuna's. Hedge funds and other big fish drive the market so they have no problem paying even $3200 for Amazon and so on and so forth. These days $100 stocks are a dime a dozen and literally priced like peanuts for the buyers that really matter and us small fish are just going along for the ride - and this is oh such a very nice ride. Enjoy all!!
I don't know about $5 being a 'huge' move in a $135 stock lol.. but times have changed. Once upon a time you had to buy a board lot (100 shares) at a time. When I started no broker would take odd lots. On a $100 stock this was prohibitive for retailers. Today you buy a dollar amount of shares. You have $2000, then you simply buy 6 shares of GSY. Heck you can buy 1 share. Much less paper floating around and a simple bump in demand creates what we see here this week. Just under 1 million shares boosted the price $25. In the US you can buy fractional share of Amazon...stock splits absolutely passe