Author
Topic: buying low to cover a high
biker0962
Member
Member Rated :
posted 12-30-2007 10:24 AM
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
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Ace of Spades
Member
Rate Member
posted 12-30-2007 10:35 AM
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
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