Posted On: 02/27/2013 4:36:43 AM
Post# of 16816
I believe the new mythical $0.0001 for $BCAP is very shortly going to be $0.0006. Don't expect to be able to acquire too many shares at that price point. Almost 1.5B have been sold there or higher since October 2012, so only 800M more at those price points are really available.
For anyone buying to profit on a nominal 1M shares at $0.0006, they'd have to sell at $0.0007. That would provide $100 profit excluding $20 buy/sell commission. That leaves $80 gain pre-tax, and about $50 post tax. Doesn't seem likely that most people would want to flip for $100 pre-tax, pre-commission after holding for 4 months, so I believe a larger run is probable.
A 50% gain from $0.0006 is $0.0009. That would give the buyer of 1M shares a $300 gain - $20 commission = $280 pre-tax and ~ $190 post tax.
Bottom line is that after the next rotation of the float $BCAP should normally trade above $0.0010.
For anyone buying to profit on a nominal 1M shares at $0.0006, they'd have to sell at $0.0007. That would provide $100 profit excluding $20 buy/sell commission. That leaves $80 gain pre-tax, and about $50 post tax. Doesn't seem likely that most people would want to flip for $100 pre-tax, pre-commission after holding for 4 months, so I believe a larger run is probable.
A 50% gain from $0.0006 is $0.0009. That would give the buyer of 1M shares a $300 gain - $20 commission = $280 pre-tax and ~ $190 post tax.
Bottom line is that after the next rotation of the float $BCAP should normally trade above $0.0010.
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