Wednesday, January 19, 2011

Stock Gamble II Update

Well Mr. Sam sold our stock.
  • He bought the stock on 12/7 and spent $5102 (he had a budget of $5,525).
  • He sold the stock on 1/13 at $6277.
  • Gross profit of $1175, he has calculated a $705 net profit or an 13% return over 40 days.

His plan is to roll net profits into his next stock purchase. He will bank the taxes due into a separate account.

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