This is more like wracking up 70s pinball credits and selling the credits for pizza and beer, rather than gambling. If I could find a casino that would let me play the cards only when I wanted to, which I can do by choosing when to buy and sell, then that is a dumb casino.
I will buy in to black jack. I see I have a 16. Nope, I'll wait. Not now. Ok, dealer just busted, I'm in now, I win!
Gambling is gambling. You make tons of decisions as far as when to buy / sell stock...you can even set stops, buys and sells. Gambling is gambling.
Right, but this isn't gambling. I can't decide when I want to my craps bet to count or not. Once it is on the table, it's on the table. The only thing I can do is not play. But I can decide in stocks, because I can play, and I choose when the game ends. And since the choice is mine, and not the game's, I'm not gambling. I can still lose, but only because I chose poorly.
What would be the reasoning behind buying Hertz stock when they are in the middle of Ch. 11? Why would one do this?
https://amp.ft.com/content/b5cd8a1d-7f76-4603-9310-b7b2a4a23cfb?__twitter_impression=true This is hilarious
lol, Hertz had to come out and say all the bag holders buying their bankrupt stock are going to lose everything. https://www.cnbc.com/2020/06/15/her...r-money-in-filing-for-selling-more-stock.html
god bless america Hertz Global Holdings warned potential buyers in its common stock offering that it’s almost certain that the equity will become worthless. Hertz said in a government filing Monday that it would sell up to $500 million in common stock.
I shit myself one day when TDA showed Amazon at like $13 a share. I had to get on and see if Jeff died in a plane crash. It was just a fluke.
I’m not sure how you give a 20 year old with $15k in the account the ability to buy and sell $700k worth of options