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by caseysoftware 1964 days ago
As I noted in a similar thread a couple days ago..

When all of this started last fall, the price was bouncing between $5-10. Therefore, with as little as $500 (aka less than a stimulus check), you get 50-100 shares. Even as recently as ~3 weeks ago, it was $20-25/share. It cost more to buy in but still within reach for all but the smallest investors.

And that's not considering the options side.

As of the 19th (aka 12 days ago), you could still buy $35 calls for $12 with a Feb 19th expiration. That $1200 is worth upwards of $12-15k now.

Now multiply any of those by a couple hundred thousand investors, some with much more to put in.. and we still haven't touched the medium, let alone the BIG players.

1 comments

number of shares shouldn't matter much though. especially now that all these brokerages offer fractional shares. I guess it does matter a little more for options since those lots are bigger and fixed.