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BCM
Durkin Tactical Franklin Armory
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Posted: 6/6/2022 4:27:49 PM EDT
Buy the dip, right?



(For those not aware, AMZN did a 1-to-20 split over the weekend I always find the psychology of stock splits to be curious.)
Link Posted: 6/6/2022 4:29:56 PM EDT
[#1]
It should dip even more after the split wears off. Then buy.
Link Posted: 6/6/2022 4:31:53 PM EDT
[#2]
The amusing part is that I saw this pic initially on a finance board. And PLENTY of people were either being sucked in or panicking. If these people seriously think AMZN suddenly dropped 95%, they probably shouldn't be buying individual stocks.
Link Posted: 6/6/2022 5:02:07 PM EDT
[#3]
well technically the price per share did drop.
Link Posted: 6/6/2022 5:12:45 PM EDT
[#4]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Sartorius:
The amusing part is that I saw this pic initially on a finance board. And PLENTY of people were either being sucked in or panicking. If these people seriously think AMZN suddenly dropped 95%, they probably shouldn't be buying individual stocks.
View Quote


Those same "people" vote and rob us of oxygen too.
Link Posted: 6/6/2022 5:40:25 PM EDT
[#5]
The fact that the number of shares doubled, but the price did not halve should tell you something.

That is actually a bump up in value.
Link Posted: 6/6/2022 7:08:47 PM EDT
[#6]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By PhilipPeake:
The fact that the number of shares doubled, but the price did not halve should tell you something.

That is actually a bump up in value.
View Quote


The number of shares vigintupled.
Link Posted: 6/6/2022 11:54:57 PM EDT
[#7]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Z09SS:

The number of shares vigintupled.
View Quote
Not every day you get to work that word into an ARF post.
Link Posted: 6/7/2022 5:57:29 PM EDT
[Last Edit: Speedwinder] [#8]
Bought 25 shares of Amazon last month, now have 500 shares. One month return of 14.50%+.

Tomorrow is another day. Who knows what will happen. Feeling good for the time being.

Added: Doesn't make up for the losses this year on my other stonks.
Link Posted: 6/29/2022 4:27:12 PM EDT
[#9]
I happen to be online at 3am reviewing my holdings when they did the update. For some reason they calculated the new split price at a different time than the new split shares. I had the same starting shares at 1/20 of the price and my portfolio took a major hit.

Of course a few hours later everything trued up.
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