Inverse Cramer: this tells me the GameStop theory is true. Are we about to see fireworks?
(media.greatawakening.win)
🐸 OK, CRAMER! 🏳️⚧️
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I saw on here the other day that we should all buy at least one share of GME. But that we had to do it before the 18th in order to get in on the split something or other. Is it obvious yet that I know nothing about investing?? So that day, on the 17th, I opened an E-Trade account and put a little money in it. Since that was a weekend the money took a day to transfer from the bank. Is it too late to buy now?
Forget the split, all that does is drop the price per share by 4. Just buy some shares and hold them until the price looks like a phone number
Or wait until the split and buy 4 shares then.
I’ve read conflicting things, but we’re in the same boat. I read about it early Monday morning and purchased two shares via TD Ameritrade. I believe we’re safe and will receive the extra shares. The thing I’m still uncertain about is if we need to direct register by Thursday.
I know absolutely nothing and when I tried to buy my share on E-Trade it said I didn't have enough money. Which makes no sense because I'm clearly looking at my balance and it's plenty enough. I'm wondering if it has anything to do with the bank transfer taking longer?
Possibly so. I officially own two shares now, so we’ll see what happens. Either way, I’ll own at least two shares.
Damnit. I just read some more on the E-Trade site, which is like reading Swahili to me, and apparently I have to wait until tomorrow to be able to buy, something about the bank transfer needing time to go through.
You're good. If there was a cut-off day where suddenly bought shares wouldn't get the right to the split shares, then the price would have dropped at least 50%.
All it means is that you'll have to wait a couple days for the split shares to be sent to you from whoever sold you the original.
You can still buy,the company you buy from will have to give you the additional shares later.