I purchased 1000 shares in a stock. The value has gone up considerably. Is it possible to wait to long before selling it - eg. its value is to high for anyone else to buy? Maybe even some other helpful hits about online trading?
2006-12-20 13:43:15 · 10 answers · asked by Anonymous in Business & Finance ➔ Investing
Too high ? That is the selling price, people ARE buying it at that ! Have you noticed google ?
Waiting too long is when it goes down and you keep waiting for it to go back up but . . . nope . goes all the way to the bottom and stays (like Lucent) or bankrupts (like KMart) .
2006-12-20 13:55:04 · answer #1 · answered by kate 7 · 0⤊ 0⤋
Hey there,
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As said above if you want to make money with penny stocks you have to follow some proven methods. This one in my opinion is the best: http://pennystocks.toptips.org
Have a nice day
2014-09-22 15:56:52 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I have been trading for a livivng the past 4 years. What I would do is sell half right now. Then creat an exit plan for the other half.
Example:
If the stock drops 25% next week i'll sell the rest.
There are Brokerages buying 10's of thousand of shares everyday. i don't think you'llhave a problem selling them.
2006-12-21 02:31:14 · answer #3 · answered by John Shmoe 2 · 0⤊ 0⤋
You can wait too long, but just because it is doing well does not mean it is time to sell. Reevaluate what you are looking for in a stock, maybe it still meets your requirements. It is more common to sell at the wrong time because it is low not too high.
2006-12-20 21:52:32 · answer #4 · answered by Nelson_DeVon 7 · 1⤊ 0⤋
absolutley. Now that yr almost over be ready in Jan to decide if want to cash out or not so taxes pushed to 2007. Don't sell unless you really need the money or you think the stock has topped. If still fundamentally sound - keep it
2006-12-21 09:43:05 · answer #5 · answered by vegas_iwish 5 · 0⤊ 0⤋
I'm still waiting to sell my Enron stock (I had 300 shares) and I'll go out on a limb and say - yes!!
2006-12-21 00:44:03 · answer #6 · answered by Lee W. 5 · 0⤊ 0⤋
Of course it's possible to wait too long.
If the company gets in trouble you may lose everything if you don't sell at the top end of the maklet.
2006-12-20 21:45:39 · answer #7 · answered by Anonymous · 1⤊ 1⤋
yes PIGS GET SLAUGHTERED, dont be greedy
2006-12-20 22:33:19 · answer #8 · answered by Anonymous · 0⤊ 0⤋