shinkansen
09-19-2008, 03:32 PM
so, i've been browsing a few stocks on the NYSE for a year or so... played around a little before and lost a little cash. decided to cash out. now a year later, i'm back in... Picked up 90 shares of HOKU at 5.66 (wish I got it on tue for 5! ..) Now it's up at about 6.40 +/-. I've seen hints that people reckon it'll go to $20+ when they open their plant, and it's been up to about 14.5 before.
So... with my minimal $500 worth of stock, and sitting at about $40-50 gain right now... I'm using sharebuilder (ing) to trade and looks like whenever I buy/sell, it's costing me $15 in commission... So, at my $500, cashing out with a 40-50 gain turns into a 35 gain... Is this the problem when dealing with such a low $ amount of stock to begin with, or is there a better option to buy/sell without a $15 commission?
So... with my minimal $500 worth of stock, and sitting at about $40-50 gain right now... I'm using sharebuilder (ing) to trade and looks like whenever I buy/sell, it's costing me $15 in commission... So, at my $500, cashing out with a 40-50 gain turns into a 35 gain... Is this the problem when dealing with such a low $ amount of stock to begin with, or is there a better option to buy/sell without a $15 commission?