Allstocks.com's Bulletin Board Post New Topic  New Poll  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » General Investing Topics » buying low to cover a high

 - UBBFriend: Email this page to someone!    
Author Topic: buying low to cover a high
biker0962
Member


Member Rated:
5
Icon 1 posted      Profile for biker0962     Send New Private Message       Edit/Delete Post   Reply With Quote 
okay I watched cramer the other night, lets say I buy 50,000 shares at .20 and now it drops down to .10

and lets say I buy 100,000 at .10 now that gives me a total of 150,000 are my shares worth .15

also should I just buy double the amount of my original share purchase or do I need to go triple

I hope Im making sense

Posts: 189 | Registered: Nov 2007  |  IP: Logged | Report this post to a Moderator
Ace of Spades
Member


Rate Member
Icon 1 posted      Profile for Ace of Spades         Edit/Delete Post   Reply With Quote 
quote:
Originally posted by biker0962:
okay I watched cramer the other night, lets say I buy 50,000 shares at .20 and now it drops down to .10

and lets say I buy 100,000 at .10 now that gives me a total of 150,000 are my shares worth .15

also should I just buy double the amount of my original share purchase or do I need to go triple

I hope Im making sense

Are you talking about figuring out the average cost per share????

Here is a link for that....

http://www.investorglossary.com/average-price-per-share.htm

and here is a link for a calculator that will do the work for you...

http://www.wcc.net/~fireplay5/trading/averagedown.html

http://www.wcc.net/~fireplay5/trading/averagedown.html

In your case...50k at .20 is worht $10,000 and 100k at .10 is worth $10,000 also....the total value of you purchases is $20,000....so you divide that buy the total number of shares which is 150k....

the average price per share is 13.3 cents

Posts: 2321 | Registered: Aug 2006  |  IP: Logged | Report this post to a Moderator
biker0962
Member


Member Rated:
5
Icon 1 posted      Profile for biker0962     Send New Private Message       Edit/Delete Post   Reply With Quote 
thanks ace, that link answered my question
Posts: 189 | Registered: Nov 2007  |  IP: Logged | Report this post to a Moderator
   

Quick Reply
Message:

HTML is not enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  New Poll  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share