![Any of you niggers getting in on the $GME financial holocaust? [1592x1029 - 254KB]](https://pic8.co/sh/MSmANI.jpg){kind=link}
Looks like $GME is preemptively priced at $246.87 for when the market opens. Why markets close in the internet age, who knows, but the problem here is that while Boomer Wealth makes $246.87 doable, Boomer Knowledge means that how to buy individual stocks like this effectively unknown.
From what I've been reading, lots of people are using an app/service called .
I use a different brokerage. It doesn't support buying fractions of shares like Robin Hood. But I'm okay with that.
Thanks.
So that means that the lawsuit I'm seeing leveled against Robin Hood for being shady is not something to be really concerned about?
Huh, so buying fractions of shares is a thing? I hate to bring reddit cancer over here but TIL.
I don't use Robin Hood myself and know very little about it. I searched online for "robin hood lawsuit" and what I came up with isn't very concerning to me (assuming there isn't another lawsuit that you're referring to).
https://nypost.com/2020/12/16/robinhood-stock-app-faces-potential-lawsuit-in-massachusetts/
Basically the lawsuit is by some Masshole regulator. The suit is over marketing, basically that it makes stock trading too fun or something like that, I dunno.
why markets close in the internet age, who knows
It is so you don't wake up to a stock panic triggered by trading in a foreign country.
I noticed that the price of Gamestop stock had spiked by about $100 between the market closing and the time that the market reopened.
Since the market can still be manipulated bigly while the market is closed, does it really protect from foreigners doing overnight shenanigans? I can't shake the feeling that this is just a ritual held onto from the Before Times when people physically had to be in the marketplace to perform trades.
Bummer. I learned how to trade single stocks because as a younger man I didn't want to lose money through no fault of my own. SoFi and Robin Hood have apps you can use. E*trade is popular. Never get into options trading because things like this happen where "the market" reinforces a trend line so if a stock is too shorted people buy and pinch the chumps holding contracts.
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