GREY:SGLRF - Post by User
Post by
PUNJABIon May 26, 2014 10:00am
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Post# 22597686
Credential # 88 on the sell side. Watch out
Credential # 88 on the sell side. Watch outThis time other are trading ahead of him. He has 50k sell order at $1.78. He sold a few shares at $1.78 & 79. He is going to have a tough time sell at a profit this time.
His average cost of shares is $1.788 minus div .0225 = $1.7655. He has to sell at over $1.77 to make any profit. Big mistake trying to trade an iliquid stock with too many shares. Good for smaller traders.
Will he sell at loss or wait & become a bag holder till next div. ? The other question is will the company pay div next month ?