Yeah it will be interesting to see whether they will charge a small fee or commission for fractional shares to make up the revenue that they lost for offering free commission for those trading full shares
If there's no restriction then just anyone can get some BRK.A Then....will there be any reason stocks like AMZN shouldn't be normalized in price to say $50/share?
I hope the brokers keep having a brokerage war. Helps us little guys out. Maybe they'll start paying us to trade!
Interesting thought. Except...I was thinking the exact opposite. If fractional shares became the norm, there would be less incentive to split share price again, except perhaps to bring option prices back to earth for some of these higher-priced equities. Although, speaking of high-priced options, that raises another intriguing innovation: fractional options!
A pretty red day. Seeing popular names like NFLX, BA, and JNJ having a pretty bad day. People might be a little cautious too ahead of the Brexit vote this weekend
AAPL and JPM continue to do well, the largest tech company and the largest bank. The various suppliers to AAPL doing well too. BA could weigh the Dow down. I think this is bullish. I feel like it has been tough to get momentum going because every stock has been moving together. Everything reaches overbought together, the contrarians come in, and if everything keeps moving together then everything reaches oversold together. Then the contrarians come in... Nothing is really leading or lagging. The thing is that the Dow is price-weighted, so a -1% move by BA will be just balanced by a +1% move by AAPL and +1% by JPM. Today BA taking a large hit.
