Sold LJPC @ 13.9 Cents
By admin on Apr 28, 2009 in sells
I sold 55.6% of my LJPC position in aftermarket trading yesterday at 13.9 cents. I wanted to sell all of it but that’s how much was filled.
I started to panic because it was down to 11 cents (that’s down 21% from where I bought it) and then I did some research on the company (a bit late on that, eh?) and found out they have recently got rid of most of their employees. I don’t like dealing with companies with recent big news like that because they can be very unpredictable and dangerous.
I am trying to sell the rest of it today. I’d like to get enough for it that I go out even (and that’s considering the 3 trade commissions going to Ameritrade.)
This is the last time I plan on going off script. I will either be making my trades based off of my screener or based on the TIM Alerts I am subscribed to.
I was able to sell the rest of this for 14.5 cents today which means my original plan would have actually worked, if I hadn’t got freaked out by the after market trading… After market trading is a whole other world in a way. I think it could be something I could take advantage of, but until I figure out how - I’m more likely to be taken advantage of.
Anyway this whole trade ended up being pretty much a wash, I think I’m where I started (ie any gains I made were eaten up by the $30 in commissions on 3 trades.)
admin | Apr 28, 2009 | Reply
To be exact: I made 15 cents on this. That’s a $30 gain - $29.85 in commissions. Thank you Ameritrade!
admin | Apr 28, 2009 | Reply
If I had just sold it all today for 14.5 cents I would have made $70 (including commissions)
admin | Apr 28, 2009 | Reply
I made no more moves today because my money never became free for more trading … I hate it when that happens.
admin | Apr 28, 2009 | Reply