I'm playing the game. I bought GOOG 2 or 3 weeks ago. It was about 445.00, and now it's 464.40 and up. Should I sell it now or when should I sell it?
2007-03-28 06:00:56 · 4 answers · asked by Anonymous in Business & Finance ➔ Investing
If you are a trader, I would take my profit now and expect it to drop about $10 in the next three to four days. Patterns look like that, anyway. Then see how it plays at about $440 or so. If it bounces there, it may go higher than now and a re-entry would be indicated. If you are paying more than $9.95 a trade,change brokers, by the way.
2007-03-28 21:52:43 · answer #1 · answered by ZORCH 6 · 0⤊ 0⤋
Depends on what you paid for a comminssion. If you were 2.5% going in (or 11.25 per share) and you'll be 2.5% going out (11.61)---you're in the hole. Even if you got a fixed $$ per trade you still need to consider that. Also if you're in a taxable account you'll be paying short term capital gains (ordinary income) on anything you sell prior to a year of ownership. Not enough info.
2007-03-28 15:02:51 · answer #2 · answered by pretzel2222 3 · 0⤊ 0⤋
.com equals .bomb. I never buy tech stocks. Most are not worth the money. Google is a fad. Wait until the next hot search engine comes along.
2007-03-28 13:16:13 · answer #3 · answered by Your #1 fan 6 · 0⤊ 0⤋
Sit on it and sell it when it hits $500.
2007-03-28 13:09:25 · answer #4 · answered by trigam41 4 · 0⤊ 0⤋