I hold GME with Fidelity, and can presently setup a limit order for a single GME share.
1 GME share sells for $161.11 at the current market value. Earlier this year, the most I could place a limit order for with that share price would have been $322. I can now set the limit order value to $962, which is roughly 600% the current market value of GME.
Translation: The rocket is about to blast off, and Fidelity is well aware.
You just used your experiences with Fidelity as a tortured-logic exercise to convince yourself that GME was going to blast off. And I just told you that other brokers don't have the limitation you're experienced with Fidelity.
Meaning: your reasoning is flawed because it only considered the variables in your box. (Not that such a conclusion was warranted even then.)
Just because an exchange will let you set a limit-price of N doesn't mean that the valuation of the security will ever get there. I could set a limit-sell price of ten million dollars for Ford if I wanted to.
"brokers like Fidelity are increasing their market sell orders from 50% above market value, to 600%" -- Says who, mysterious stranger on the internet?
I am telling you.
I hold GME with Fidelity, and can presently setup a limit order for a single GME share.
1 GME share sells for $161.11 at the current market value. Earlier this year, the most I could place a limit order for with that share price would have been $322. I can now set the limit order value to $962, which is roughly 600% the current market value of GME.
Translation: The rocket is about to blast off, and Fidelity is well aware.
I can set a limit-order price to anything I want.
Fidelity sucks.
It seems you already knew the answer to your own question, which begs the question; what is your point?
You just used your experiences with Fidelity as a tortured-logic exercise to convince yourself that GME was going to blast off. And I just told you that other brokers don't have the limitation you're experienced with Fidelity.
Meaning: your reasoning is flawed because it only considered the variables in your box. (Not that such a conclusion was warranted even then.)
Just because an exchange will let you set a limit-price of N doesn't mean that the valuation of the security will ever get there. I could set a limit-sell price of ten million dollars for Ford if I wanted to.
Says me- the gal who just placed an order for 600% the current price for gme (1 share)
Buying (snicker) or selling?
Why not set your limit-sale price at $10 million/sh?
Oh.... You're using a lame trading platform that herds its users into parameters the market-maker algos can handle.