ST Alpha - "Just figured out the hard way that it costs 1 million $H in commission to flip STAR7" (Reading a Post)

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Just figured out the hard way that it costs 1 million $H in commission to flip STAR7

Posted by secretslacker Dec 12 '15, 06:49

To put that in perspective, the stock would have to move $10 up or down to make it worth flipping. Any smaller movement, it would be cheaper to just hold it because selling/shorting or buying/calling will cost you a million based on its current $500 price. Like I said, I just learned that the hard way :)

Responses:

~Smack it up flip it rub it down..oh no!~ -- nm - budice Dec 12, 13:10
yeah ... i'm considering just riding this one out until delist, and i almost always sell a stock after opening weekend -- nm - call me Ishmael Dec 12, 08:07 4
- If you sell a single stock post adjust from now till January first, you are over thinking it. - Will Hunting Dec 12, 08:19 3
  - Yeah, most movies including Star Wars will delist above adjust due to the Christmas week bump. - secretslacker Dec 12, 09:09
  - Even in the heart of the sea? -- nm - All the boys love lazy chicks Dec 12, 09:08 1
    - Yes, especially In the Heart of the Sea.... although it does have a lot of competition over Christmas (including Star Wars) - secretslacker Dec 12, 09:10

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Just figured out the hard way that it costs 1 million $H in commission to flip STAR7

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