2007-12-23 06:38:26 · 9 answers · asked by Dylan A 4 in Business & Finance ➔ Investing
too sell in a couple days
2007-12-23 07:00:14 · update #1
Microsoft
2007-12-23 06:43:07 · answer #1 · answered by Anonymous · 0⤊ 1⤋
There are fees to trade stocks. Each company is different. Etrade is $20 or more for each buy and sell. So it could cost you $40 or more just to buy then sell, so you end up with a loss.
Scott Trade is lower, about $7 per trade or so.
Some are even cheaper, if you agree to buy or sell at the time of the company's choosing ( once per day).
ticker: ALTI Altiar Nano Technologies, is a company that invented a vastly improved Lithium Ion Battery that is used in 100% electric vehicles. See Phoenix Motorcars www.phoenix.com
Consider ALTI near $4.00, it could shoot up occasionally to $5 or $6.
Competitors: LG Chem (EnerDel) and A123 Systems. They probably will be used in GM/Ford vehicles, but they dont have stock symbols.
A123 is privately owned.
Battery sales for vehicles, either 100% electric or hybrid is expected to be a $2,000,000,000,000.00 industry in 5 years ($2Trillion).
What ever stock you pick,
start with the lowest cost trade you can get, so you can make some money.
You need to really do your homework.
Watch the stocks, follow the news, and find a bottem before you buy.
It may be wise to save your money, because most will be lost to fee's.
2007-12-23 15:42:19 · answer #2 · answered by Austin Semiconductor 5 · 1⤊ 0⤋
If you are not to concerned with losing your money go for a small cap. I like biotech right now. Look for a company that has a drug ready for FDA approval and buy as many shares as you can. If the drug passes you can expect anywhere from a 200-1000% return overnight. Compare that to a savings account where you get 1% a year if you are lucky and I think it's kind of no brainer when their isn't that much money involved. At the same time having so little money to invest, you must consider dealers commisions. Even low commisions at discount online brokers like scottrade and tradeking will cut into your profit unless you go for a grandslam like I reccomend. Nonetheless it would be a good lesson for you and great way to get your feet wet with investing as opposed to just sticking your money in a savings account. Just don't get discouraged if you fail on your first attempt...Good Luck!!
2007-12-23 15:27:23 · answer #3 · answered by devindavis42 2 · 1⤊ 1⤋
Somthing under $5 which has trended down all year and bombed on a really bad day. Then sell in the next following days.
2007-12-24 05:56:21 · answer #4 · answered by northnode3g 3 · 0⤊ 0⤋
For this kinda money you don't need to invest into dollar stocks. Get something in sub penny like ETIM, PMED, GMFX. They usually go up and down by 30% to 50% everyday. But u need alot of experience to play it right.
2007-12-23 16:10:36 · answer #5 · answered by Romeo::: ~ 4 · 1⤊ 0⤋
A few days ? That's almost out of the question....but if you want to hang on a little longer ( maybe a month, maybe two ) you could look at RAD...Rite Aid drugstores...really beaten down on not much news... it's at about $ 3.00 a share right now...GEEZ !.. it's the third largest drug chain in America ! Could easily be a " double" in a few months.
2007-12-23 19:49:08 · answer #6 · answered by jebediabartlett 6 · 1⤊ 0⤋
Invest part of it in a one month subscription to Investors Business Daily (www.investors.com) and use the rest to take a successful local business owner to lunch to pick his brain.
2007-12-24 00:13:28 · answer #7 · answered by witz1960 5 · 0⤊ 0⤋
The transaction costs would be so high that investing in ANY stock for a few days would be monumentally stupid.
2007-12-23 17:04:34 · answer #8 · answered by Ranto 7 · 1⤊ 0⤋
Don't bother. Just open a savings account.
2007-12-23 14:46:13 · answer #9 · answered by Wizeguy 3 · 2⤊ 0⤋