posted
4,500 shares times $0.11 a share = $495...I'm starting to lose my patience, I might have to go over to Raging Bull to amuse myself this afternoon or just look up a case of Blatz and call it a day. I will say this, if you are playing all of us for a laugh, it's damn funny, if not, your damn stupid, either way, have a safe and fun 4th.
I have no idea what you're talking about $495 commissions, could u explain?
Posts: 154 | From: Spencerport , NY | Registered: May 2006
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posted
100 you posted you bought 4.5k shares at 11 cents. That equals $495 plus whatever commission you were charge for the purchase (ie $5 using Choicetrade, $7 for etrade, $9.95 for Ameritrade, etc).
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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posted
bullistic was trying to figure out how you could lose thousands of dollars, when, according to your post, you only bought 4.5k shares (or $495 plus the commissions).
You later posted you bought 41500 shares, so his post should be null and void.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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posted
I did some real quick DD for you 100stacks. This might be a good play after a hurricane hits. It seems ECCI had their water filtration used after Katrina hit.
Looking at the chart though the 52 week low is 0.071. The base right now is lower than it was last year. So I would believe it will dip even lower as hurricane season trugs along and they don't get called on to provide water. I would radar it, but check to see if they are dilluting (I don't know I haven't checked). If they havebeen dilluting then it may not run as high as it did last year (assuming they get called on to provide water).
I'm radaring it myself, only to trade it from 0.07 (hopefully) to .14, then ride free share through a hurricane.
Good luck, but you may serisouly want to read, learn and re-read everyting you can find, plus paper trade. Just think paper trading now could make you more money down the road. The $4550 you spent on ECCI at 11 may be able to have been bought at 8 or 7 in a few weeks giving you 50% or so more shares for even greater profits if it does hit 30 down the road.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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quote:Originally posted by 100stacks: So am I charged these commissions after I sell ECCI. Lets crunch numbers
41,400 * .30(set sell limit)= $12,420-$495= $11,925 back in Etrade account.
I hope not.
You posted you bought 4.5k shares, that is 4500 times 0.11 = $495. ETrade comission is $7. So according to your 1st post you spent $502 (for the shares and the commission). Later you corrected your post and said you bought 41500 shares. Just forget his post completely, he was working on the incorrect information you posted.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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quote:Originally posted by 100stacks: So am I charged these commissions after I sell ECCI. Lets crunch numbers
41,400 * .30(set sell limit)= $12,420-$495= $11,925 back in Etrade account.
$495 commissions?! LOL I dont think I want your broker the $495 number was your amount of shares times the share price (4500 * 0.11), in other words the value of your shares combined
Posts: 1091 | From: Brugge, Belgium / Dallas TX USA | Registered: May 2006
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posted
Squire38 they might be using the water fultration later this week because of the floods in NY, a mayor of a town said they only have 1 day left of drinking water.
Posts: 154 | From: Spencerport , NY | Registered: May 2006
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posted
You are charged commission each time you buy and sell. Since you have eTrade it is $9 to buy and $9 to sell.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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quote:Originally posted by 100stacks: Squire38 they might be using the water fultration later this week because of the floods in NY, a mayor of a town said they only have 1 day left of drinking water.
They might be. Speculation. They might be using them or one of the other hundreds of companies that do so.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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posted
Yepper, I'm on my 6th bottle of Blatz already. I see a TV series evolving out of this mess....
quote:Originally posted by Hannibull:
quote:Originally posted by 100stacks: So am I charged these commissions after I sell ECCI. Lets crunch numbers
41,400 * .30(set sell limit)= $12,420-$495= $11,925 back in Etrade account.
$495 commissions?! LOL I dont think I want your broker the $495 number was your amount of shares times the share price (4500 * 0.11), in other words the value of your shares combined
-------------------- I may be wrong, but I don't think so.... Posts: 837 | From: Madison, WI | Registered: Sep 2005
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posted
If hundreds of companies have this water system then why were they selected after Katrina in Buloxi, Miss.
Posts: 154 | From: Spencerport , NY | Registered: May 2006
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First off. Bull was thinking you had 4,140 shares. He did his math based on that.
4,140 shares at .11 cents per share equals 455.40 plus whatever your commission cost is. He rounded up to 495 to insure that he had included your commission (say $10) for the purchase and for the sale of the stock.
That would be the cofusion here.
He is not saying your commission will be $495. He misunderstood how many shares you said you owned and was trying to figure out how you were going to lose a few thousand when this tank as, by his understanding, you had only put 450 or so buck in.
We now know that is not the case.
Does this make sense?
The Bigfoot
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
100 Suppose during that time you are holding the price begins to drift lower. Do you have a price in mind to limit your loss? Limiting losses is more important than dreaming about gains. Gains are great and fun,but there isn't a guy on this board that at one time or another hasn't had their butt shot off by a bad pick. It happens to all of us who play this game. Consider this when it comes to managing losses.
Percent Percent gain needed to recover lost 10% 11.2% 20% 25% 33% 50% 50% 100%
Limit that loss to 20% or less and you retain capital to try again. Fall in love with a stock and watch it fall past that point and you can see how it will kill you.
Done with this and going back to watching my stocks.
GL
BF
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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No, I refuse to cut my loses. I think I bought a decent price. IMO when I hold and a hurricane hits then cash out.
Posts: 154 | From: Spencerport , NY | Registered: May 2006
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quote:Originally posted by 100stacks: No, I refuse to cut my loses.
You might want to find some QBID people to talk to.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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Back in the early 1900s a stock speculator named Jesse Livermore traded in the markets. Many believe that he may have been the most successful speculator to have ever traded on Wall Street to this day.
There's a book I would highly recommend you read. It's called Reminiscences of a Stock Operator. The book is still in print and should be easy enough to find. If you are interested in gambling and speculating in stocks, you will find this book to be a great read. The character in the book is based on Jesse's life and trading in the markets.He was one of the best that ever played this game, you would gain so much from this read.
I hope you read this post, it will be my last one to you. Take it from someone who had to learn the hard way.
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