Even if it’s not worth it to you personally, it’s still a good deed to sell stock in a company when their CEO does something like this. Every sell sends a small message.
You’re just selling to some roaringkitty fanboy the actual company couldn’t care less. If you’re in a 350 you may as well hold it on the off chance something weird happens and you could break even.
Or, you can sell at a loss for the tax benefit, but that only applies if you have capital gains to use it against. So if you find one year you make some money off some other stock that would be a good time to sell the GME at a loss.
I agree that selling a $100 stock doesn’t hurt the company $100 – but it does hurt them some amount between $0 and $100 which I don’t feel qualified to calculate. The ultimate reason that stocks go down is because people sell.
I’m not saying it’s a wash in terms of price. Instead, I’m saying it doesn’t send a message through some tally of sells for the day, because buys and sells are at a 1:1 ratio.
guess it’s time to finally sell my GameStop stonk.
Carbon hands, everyone.
I bought a share at $350. Still holding. Tbh it’s just not worth the effort of resetting my Robinhood password to sell it.
Even if it’s not worth it to you personally, it’s still a good deed to sell stock in a company when their CEO does something like this. Every sell sends a small message.
I assumed it’d be good for them in some way if I sold (I don’t understand stocks). If it sucks for them even a little I’m selling.
You’re just selling to some roaringkitty fanboy the actual company couldn’t care less. If you’re in a 350 you may as well hold it on the off chance something weird happens and you could break even.
Or, you can sell at a loss for the tax benefit, but that only applies if you have capital gains to use it against. So if you find one year you make some money off some other stock that would be a good time to sell the GME at a loss.
I agree that selling a $100 stock doesn’t hurt the company $100 – but it does hurt them some amount between $0 and $100 which I don’t feel qualified to calculate. The ultimate reason that stocks go down is because people sell.
A sell doesn’t happen without a buyer on the other end. It’s a wash when it comes to messaging.
it’s not a wash, because you sell for a different price than you bought at.
I’m not saying it’s a wash in terms of price. Instead, I’m saying it doesn’t send a message through some tally of sells for the day, because buys and sells are at a 1:1 ratio.
Oh yeah, definitely. I didn’t mean about a tally of sells.