Quote:
Originally posted by mrap1
If I had purchased 27 shares of Intel stock @ $18 a share it would have come out to $486 + buying fee. If I sold those 27 shares today @ $29.16 it comes out to $787.32. Would my net profit be approximately $787 - $486 = $355 ?
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yes and no
ok first what you sell it at depends on several factors, when you are bidding online (ameritrade...) you are compeating with many other people, when you sell, some one has to buy. if you just chose to sell, then you will get what price they can find. about what the going price is but a bit less then the quote. but you can use a limit order you chose what price you want to sell it at, and it will try to find that price, this can take days to get that price.
the simple A yes you would get a net profit of 350, but that is if you are able to sell and buy it at the listed prices, the market moves fast.
i hope this helps and if you need any more help please either PM me or add to this thread.