Here's a little stock math lesson (formerly known
Post# of 716
Here's a little stock math lesson (formerly known as Stocks 101), provided in light of the "paint job" last night:
[b]Seller Impact:[/b]
10K shares sold into the Bid at 26 = $26.00
Some of us know that this stock traded in the middle teens at point (OK, at several points). If the seller had to pay a $10 commission, their final sale was $16 or .0016 per share, potentially a break even.
If they used Scottrade, and had $7 trades, or if they had free trades, conceivably, they could have made a small profit.
Apparently, profit was not the goal here, because more shares could have been sold or these shares could have been sold earlier at a higher price.
So, one needs to ask themselves- What was the point? (Not my place to offer opinions or direction, so I refrain from input.) Someone definitely had an agenda. (Maybe not a good idea to post namecalling out of an emotional outburst........ just saying..)
[b]Buyer Impact[/b] (this is where I have to wonder where some posters even have a clue.......)
Buyer gets 10k shares @ .0026 ($26.00) + a potential, worst case scenario of $10 commission, resulting in a total buy of 10k shares for $36- net result of a price per share of .0036 [b]STILL BELOW THE CURRENT ASK PRICE!!![/b]
For everyone saying how much of a bargain this is, and where it is going, the posting does not support that fact, and the bid does not support that fact.
All of this is just my opinion, and since no one cares, I really don't know why I'm posting it. Just seemed like common sense to me, and it really seems to be lacking in some instances.