A few examples - gross excluding tax & commission:
Post# of 1674
Posted On: 04/27/2016 6:48:24 PM
A few examples - gross excluding tax & commission:
50M bought at .0005 - cost basis $25K:
$1.025M profit at .021 [REDG has been there already - twice - on nothing of substance]
$9.975M profit at .2
25M bought at .0001 + 25M bought at .0005 - cost basis $15K:
$1.035M profit at .021
$9.985M profit at .2
Obviously these are extreme examples that assume there will be people willing to buy at those prices - but the key points are:
It is the number of shares that matters much more than a few ticks in price - although of course the overall cost basis is different.
It is best to hold all the cheap shares that give the "best bang for the buck" (or more correctly "best bang for .0001 of a buck"
.
Too late for people that flipped their .0001s but it's not as if they didn't have a lot of time to formulate a plan - so good luck to them getting back in.
My cheapest shares will be the last I sell.
People might want to consider not flipping their cheapest shares for lunch money in the .000xs and the .001xs.
50M bought at .0005 - cost basis $25K:
$1.025M profit at .021 [REDG has been there already - twice - on nothing of substance]
$9.975M profit at .2
25M bought at .0001 + 25M bought at .0005 - cost basis $15K:
$1.035M profit at .021
$9.985M profit at .2
Obviously these are extreme examples that assume there will be people willing to buy at those prices - but the key points are:
It is the number of shares that matters much more than a few ticks in price - although of course the overall cost basis is different.
It is best to hold all the cheap shares that give the "best bang for the buck" (or more correctly "best bang for .0001 of a buck"
. Too late for people that flipped their .0001s but it's not as if they didn't have a lot of time to formulate a plan - so good luck to them getting back in.
My cheapest shares will be the last I sell.
People might want to consider not flipping their cheapest shares for lunch money in the .000xs and the .001xs.
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"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
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