posted
Okay, I had to go look and see why I had the sell at $24.80. It was because I bought at 23.53, not 23.50
So 200 * 23.53 + $16.00 commission ($8.00 each way) would need $27.79 for to get a 5.01% gain. (I guess I rounded up and added a penny.)
I see now though that I should just forget about the commission and go with when the STOCK goes up 5% because the commission could make the gains more or less depending on how big a position I would have.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3381 | Registered: Mar 2006
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quote:Originally posted by Jo4321: I see now though that I should just forget about the commission and go with when the STOCK goes up 5% because the commission could make the gains more or less depending on how big a position I would have.
Jo
Ding ding ding.
My brother started with like $500 and the firt one he bought was, say $24 so he bought 20 shares. He wanted his account to have 5% more, or $525 when he was done. So he needed to make $35 on $480 ($10 commission), or 7.3% which is obviously quite different from 5%.
I would think it would be rare for a few pennies to mean this big of a difference, but it's worth thinking about for next time.
-------------------- I'm back! Posts: 5445 | From: West Chester, PA | Registered: Jan 2006
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posted
that's funny. I at least try for 100 shares!
...oh wait... those are under $10 for me! lol
What was it Warren Buffett said.... "Noah did not start building the Ark when it was raining"... sumtin like dat.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 6648 | From: Virginia | Registered: May 2006
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posted
Sold out of NFP at the close at $23.62 for a loss of about 1%.
Current tally:
Buy Signals: 21 3 pending (NIHD down 7.3% currently, LTM down 4.8% currently, ICTG down 2.3% currently) 5% Gainers: 11 G/L of other 6: -7.3% Total G/L: 47.7%
-------------------- I'm back! Posts: 5445 | From: West Chester, PA | Registered: Jan 2006
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posted
Signal for today is ABK. this one is a bit strange though. It was trading at about $7 most of Friday, then there was a big volume spike and, it apparently closed at $9.50. I am probably going to put an order in to buy at around $7, but wouldn't buy much higher than that. If I miss it, then I miss it. It looks like it will be opening at around $7.90 today, so I'm guessing that I won't be getting in this one, but I will be watching it.
-------------------- I'm back! Posts: 5445 | From: West Chester, PA | Registered: Jan 2006
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posted
No, because insiders sell at like a 20:1 ratio to buys. And most CEOs sell shares not because the company is going to do badly, but because they are paid in stock, so sellign shares is basically their salary. There are a lot of studies out there that watching insider sells is of no value.
Thanks for the thought though. Post if you have any other questions/suggestions.
quote:Originally posted by $tock Weazel: Hey PC!
Have you ever thought of reversing your form 4 method?
If an insider sells you short the next day...??
Good luck playing with real money.
-$w
-------------------- I'm back! Posts: 5445 | From: West Chester, PA | Registered: Jan 2006
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posted
Damn it! Missed it by a freaking penny. If it had hit $29.09 I would have been "in" and it is now over $31, so I would have cashed out my 5% in just a few hours.
Oh well, can't win them all...
-------------------- I'm back! Posts: 5445 | From: West Chester, PA | Registered: Jan 2006
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posted
First off...very interesting idea PCOLA...awesome research. Someone earlier mentioned the possibility of shorting a stock...I was doing some digging, researching some previous form 4's and the subsequent effect on the pps. I came across DWCH...check it out...The CEO began dumping on 1/02/08 and continued to do so a little at a time all month long....Literally almost everyday there was a Form4 filed, selling by the CEO...This continued until 1/30/07...Then Earnings were announced missing their estimates by .06. He knew it was coming, price dropped from $7.19 down to $3.57...check it out.
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