it's not that weird, they internally calculate prices to four decimals, but truncate the 10th's and hundreths of pennies for their input values, , technically their sell limit is the full 32 bit integer number with a decimal "slide" in , .. ie $214,748.3648 but the website won't allow you to enter the .0048 at the end.
it is weird but it isn't the first time that stock market prices were done this way. when computer shares moves to Loopring/gamestop wallet/whatever/. i suspect that will be bumped upto a 64bit number, or better, which effectively won't have a limit in my lifetime
"Hello, thank you for contacting Computershare. We can confirm, GameStop shareholders can now undertake transactions up to an estimated sales proceeds limit of $9,999,999 million through our online services."
"Hello, thank you for contacting Computershare. We can confirm, GameStop shareholders can now undertake transactions up to an estimated sales proceeds limit of $9,999,999 million through our online services."
You dummy, the signed limit of 32 bits is $21,474,836.48
Computershare truncates the last two digits, and moves the decimal. the sell limit on computer share is as I stated, $214,748.36
Ok that's weird then, has nothing really to do with 32 bit limits and just computershare arbitrarily choosing limits using 32 bits as a starting point
it's not that weird, they internally calculate prices to four decimals, but truncate the 10th's and hundreths of pennies for their input values, , technically their sell limit is the full 32 bit integer number with a decimal "slide" in , .. ie $214,748.3648 but the website won't allow you to enter the .0048 at the end. it is weird but it isn't the first time that stock market prices were done this way. when computer shares moves to Loopring/gamestop wallet/whatever/. i suspect that will be bumped upto a 64bit number, or better, which effectively won't have a limit in my lifetime
From ComputerShare's Twitter:
"Hello, thank you for contacting Computershare. We can confirm, GameStop shareholders can now undertake transactions up to an estimated sales proceeds limit of $9,999,999 million through our online services."
https://twitter.com/BeerAndStonks/status/1501677512706961415
interesting, maybe the integration will come later, 10 million is still too low thou. I don't think it changes too much.
I believe that’s for multiple shares though, right?
"Up to." Those little weasel words.
If it sells down to $9 per share, that price would be included in the "up to" a gajillion dollars.
They are just saying that their computer goes to a certain number of digits.
So what?
If we don't care about cents it can go to 2 billion
From ComputerShare's Twitter:
"Hello, thank you for contacting Computershare. We can confirm, GameStop shareholders can now undertake transactions up to an estimated sales proceeds limit of $9,999,999 million through our online services."
https://twitter.com/BeerAndStonks/status/1501677512706961415