With one share and your investment covered by the sale of its now lost twin, you couldn’t be in a better position. You can afford to hang on to it and see what happens. On one side, there are lots of people all over the world who believe that your share could become worth a huge amount of money. There are others who don’t. All you have to do is wait and see. Keep an eye on the share price and if it increases enormously, then you’ll be quids in when you sell.
As you’re on Freetrade you’ll need to be aware that the platform has a maximum trade value policy (which may or may not be reviewed if the GME shares fly to the moon). So you may want to do a little swotting up on how to sell fractional shares.
As for an increase in volume, I wouldn’t worry too much about that. Just keep your one share close and your fingers crossed. Good luck.
Some people are day trading. Of course they are. It’s a risk they’re willing to take. But, if it actually does fly, some day traders will be caught out and miss out on the trade of a lifetime.
For me, I’m happy with the level of capital I’ve put at risk. I don’t doubt the long-term future for the company so I’m convinced that I would get an acceptable return on fundamentals. That means that for now, I can focus on the possibility of the squeeze and just hold and wait and see. Absolutely no chance that I would risk the big potential for some little gains here and there.
Any day traders who are letting go of a significant proportion of their shares bought at lower rates aren’t really playing it as well as they could be - it will represent a quick & easy small profit, but it may well be a while before the price settles down again.
I’d say those selling minimal amounts in staggered transactions when certain price thresholds are met are just being fairly sharp and covering their risk as they go; the trick is to weigh up how much you’re keeping hold of for any eventuality against how much those small sales will reduce your cost basis. For me personally, having not sold any of mine at the last peak when all the broker restrictions happened with RobinHood et al, and just bought dips for almost all of the past few months, letting tiny little bits go for 600%+ of their initial cost makes too much sense for me to turn down when it hardly touches the size of my overall stack - I don’t know what other funny business may lie ahead with brokers as this unfolds further after all, so realising a little profit on the way adds up for me as an individual, aware of the various possibilities.
Anyone selling big chunks of their holdings right now is just setting themselves up for regret though; there’s an opportunity cost you need to factor in, so that wouldn’t make good strategic sense at this moment.
Probably not the most popular opinion here, but I personally wouldn’t mind another massive dip to gobble up XD
FOMO-ing in while it’s relatively high isn’t for me - I’m certainly not complaining about those who do though!
Those charts conveniently start on the 10/4/21 after a month of dips Not saying it won’t go high but it is very misleading to suggest that is where it will go. If you picked other days the chart would look totally different indeed.
If you start a chart at the rock bottom point it will always look great
Total votes counted equals 55.5mil, roughly the float. I wonder what the real share count is when we include those that couldn’t vote and Institutions that didn’t vote? Tits jacked.
I read somewhere that total amount of shares eligible to vote is around 70million? Correct me if I’m wrong? So 55.5 isn’t quite there if the 70 figure is correct
Apologies, I’m just posting straight facts. I won’t go down the rabbit hole of trying to guess a true share count but I will say this has confirmed, for me, the existence of many counterfeit shares.
Not saying it won’t go high but it is very misleading to suggest that is where it will go. If you picked other days the chart would look totally different indeed.
