How much profit is this?
2006-11-12 11:08:41 · 8 answers · asked by clfgnr 2 in Business & Finance ➔ Investing
The name of the company is Terax energy inc.I'm new to the stock market and learning something everyday if anyone else has anything to add about this company or if it would be a good investment please let me know.Remember I shared the name of the company so please help me with my decision.
2006-11-12 11:35:28 · update #1
You all are probably right,even thoughit has went up 6 points already it is to risky
2006-11-13 03:48:53 · update #2
A lot - but all that glitters is not gold. It sounds like a boiler room scam to me. You need to know why this company's value is going to increase over only 5 days. What is the business case ? Who is the broker and what track record do they have ? If they are not a large recognisable company the chances are it isn't legitimate.
The answer is with a sale price of $1.50 that it would hypothetically yield 8,062.50 - $860 (money invested) =$ 7,202.50 but also transaction costs (say $30 to sell and buy)=
= $7,142.50 profit. However if you don't just lose your $860 I'll be very surprised.
2006-11-12 11:23:10 · answer #1 · answered by LongJohns 7 · 0⤊ 0⤋
I consider all penny stocks to be highly speculative so any "target" is just a forecast or someones prediction what the price may be at that point. The chance of this stock appreciating over 900% in 5 days is well.....what do you think?
I'd hope this is money you are ready and willing to lose in the event things don't turn out as anticipated, and not a mortgage payment or earmarked for something similar.
2006-11-12 11:25:57 · answer #2 · answered by personalfinancedaily 3 · 0⤊ 0⤋
TERX.OB is likely a pump and dump. Google it in the finace area. THERE ARE SPAM BLOGS ON IT. it has a 52 wk hi/low 3.09 /.08- it is falling ,but trading volume is up, I would not get involved. This company has only 3 employees. All investers will get involved with this sort of promise of quick $$ at one time or anther, sometimes it will pay off. Good luck
2006-11-12 17:12:27 · answer #3 · answered by cmac 2 · 0⤊ 0⤋
Be careful. trying to get rich quick in the market is a way of loosening money fast. 5 day targets are for stock market losers. It happens, but more often than not the 5 day target guy makes more than you. Beware of penny stocks and the 5 day target crap. In the stock market beware of gurus!
Please be careful.
2006-11-12 15:51:48 · answer #4 · answered by Bob 5 · 0⤊ 0⤋
Yeah, i agree with the others. Penny stock trading is for the pros. The first thing you need to do is read a few books on trading before you invest.
http://www.best-stock-trading-systems.com/trading_for_beginners_review.html
2006-11-12 22:12:31 · answer #5 · answered by Anonymous · 0⤊ 0⤋
don't you want to include trading fees?
2006-11-12 11:14:26 · answer #6 · answered by Anonymous · 0⤊ 0⤋
$7202.50 if you meet your target.
2006-11-12 11:12:28 · answer #7 · answered by stoneman 2 · 0⤊ 0⤋