agiotage..
ok for those who bought $15K (45,454 shares) during the SPP at 33c, lets work it out.
Recently the stock went dow to say 16c, meaning the SPP trade was down to $7,272 (Loss $7,728).
Now its around avg 22c, (trades btwn 20-25c)... You sell that SPP holding @ 22c = $10,000.
That will give you a NET loss of $5,000
REINVEST the $10,000 (from the sell made today) and buy back in at 16c (giveing you 62,500 shares).
Then when the stock hits 24c, you make $5,000 PROFIT and have got all your money back from the SPP (without the need for the stock to hit SPP price of 33c).
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- take profit at 21 and get back in at 16-17
take profit at 21 and get back in at 16-17, page-7
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