Did a little pencil pushing and came up with some
figures for those who feel that the 2 dollar price
is too high now and have missed out.
By using Riley's old formula, if you bought 1000 shares
@ $2.00 amd sold 10% at each level (ie 100 shares each time).
this is what could happen:
price #shares #sold value profit
$2 1000 0 $2,000 -$2,000
$20 900 100 $18,000 $0
$40 800 200 $32,000 $4,000
$80 700 300 $56,000 $12,000
$110 600 400 $66,000 $23,000
$150 500 500 $75,000 $38,000
$180 400 600 $72,000 $56,000
$210 300 700 $63,000 $77,000
$240 200 800 $48,000 $101,000
$280 100 900 $28,000 $129,000
$310 0 1000 0 $160,000
This is just one version of what could happen.
It does not take into account splits or re-investing on dips.
Not too shabby return.
Or you could take that $2000 and put into a CD and make $50.
-Ken- |
