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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Has the ship sailed? I keep reading that the 18th was the last day to take advantage of the split. Or that we would have to wait til the 22nd or something.
I have a $500 credit with TD Ameritrade, may as well spend it on GME to get in on this.
But am I too late?
You will miss the split, but who cares. That's pennies compared to what you'll make on simply owning stocks...
Got it thanks!
Edit: even if I’m only buying $500 worth, which is about 3 shares?
Wait until later this week and you can buy 3 times more shares for the same price.
thank you! 🙏💁♀️
No! If you buy now you'll buy the right for the split off the seller. Otherwise the price would have dropped, not went up - post-18th just means that you'll get your split shares a few days later than everyone else.
Thanks for that clarification!
So then after I buy through TDA, I need to register the shares with Computer Share?
Yes Direct Register them ASAP.
I don't know if TDA will automatically make a ComputerShare account for you, but you can also go to ComputerShare directly and buy from them if you link your bank account.
I checked very quickly and it appears that TDA will do a transfer, but I have to fill out a written request.
I'm thinking maybe better to buy directly from ComputerShare and use my TDA credit on something else
I bought them directly on computer share. I have like 3 in robinhood from way back when, and 5 on computers share.
Yup
As long as you buy on Thursday the latest, YOU WILL get the dividend split
Interesting - I just made a purchase through computer share. I'm getting this message:
Seems like they're placing a one week hold on my buy?
Sorry, I'm totally new to this... 😬
Yes a new account needs to be verified and 3 days to transfer. One problem with computershare is your not sure of the price,it may go up or down in 3 days.
NO. THE EX DATE WAS YESTERDAY.
Oh well. I just bought the equivalent of 10 shares.
And based on the confirmation screen that I shared above, the purchase may not actually go through until next week.
You’re now down 15% based on advice from some jackasses in this thread. Lovely.
Some fucking toolbox asked me a few weeks back why I posted so much on this subject in particular, and accused me me of being a “shill”.
I posted because the thought process was wrong since the initial hit. It’s been a shit show since. GameStop ITSELF took advantage and sold MORE SHARES in s secondary offering which actually HURT the “cause” because more shares were then available.
This is a FAILING company. I was ALWAYS going to be right.
They played you.
The shares won't be distributed till Friday at open you can buy tomorrow and Thursday and still get the split.
You can also wait till Friday and price will be 1/4 the price of Thursday's close. Till it isn't..........
Will I miss the split if I wait until Friday?
Yes but the price will be 1/4 what it is today so you can just buy four shares and it will be the same cost as buying one tomorrow or Thursday.
If the purchase doesn't go through in time you will miss the split,but buy at a much lower price.
It's kind of a wash.
So I may in fact end up with 20 shares instead of the 10 I bought today if the stock price is halved by the time my purchase is settled.
Either way, I'm just going to look at this as a long term investment. And maybe buy a couple extra from TDA tomorrow to get in on the split.
I have no idea what I'm doing but this is fun 😆🤦♀️
You already have. Ex date was yesterday.
Record date was yesterday. The broker will provide the extra shares.
Amazon had a 1:20 and while it went up a bit after that, it came back way down anyway.
If you miss the split you can still buy shares at the split cost assuming you get an order in early after split or risk waiting a bit for an initial buy in to correct. But who knows, lol.