Congratulations to everyone who purchased YTB stock a few days ago--you are up! The stock closed at $1.00 which it has not seen in more than a month
However, with YTB getting ready to release their year end financials this week, anythiung can happen. It could climb...or it could dive...or it could remain stagnant.
The $1.00 per share is an encouraging trend for YTB; however it is a far cry from the $8.50 a share back in August. It will be an interesting week!
I bought it at 62 cents. BUt only purchased 500 shares ( too scared)
ReplyDeleteI sold half yesterday at a dollar to make my money back and now am "playing with the house's money"
Well you had a short buy, so that means you will be taxes on that transaction. Long term investments (1 year or longer)don't get taxed. So in essence you didn't make your money back yet.
ReplyDeleteIn essence i made money. I don't pay taxes on that transaction, until next April. I can and will do plenty with the potential tax burden on that small transaction between now and then. The point is, that I extracted my initial investment and still have some stock.
ReplyDeleteTo sell half and have extracted your entire investment, the stock would have needed to go to $1.24. While it is a nice percentage gain, it did not double, so you would have needed to sell more than half to get your initial investment back.
ReplyDeleteAlso, if you do your trading in an IRA account, then taxes are postponed a long time. If in a Roth IRA, postponed forever.
Pardon me, roughly half. 214 shares
ReplyDeleteLet's see, 500 shares at 62 cents = $310.00. So, at $1.00 per share, you'd have had to sell 310 shares leaving you with 190. This also assumes you paid no commissions on either trade (normally a bad assumption for penny stocks).
ReplyDeleteIs the math really that difficult?
Hi, it's me again. YTB stock closed up higher today and I'm feeling no pain. 1.01+0.01 / +1.00%
ReplyDeleteNow, I know in my last post I really lost it with my three martini diatribe. I'm so ashamed. I'm handing the YTB stock comeback much better with the help of my meds. So I'm just fine with it and I'm not scared anymore. I do have a new motto though: Martini's and Meds: A Bad Mix
That's a good motto!
ReplyDeleteIs it just me or is this blog becomeing redundant, mondaine, and down right boring?
ReplyDeleteI think it's called, "Beating a dead horse". ;>)
ReplyDeleteolescorekeeper
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ReplyDelete