Nah. I am interested as an experiment on different techniques and how they play out long term. As we progress through 50c, 75c, $1 etc in the next 12-24months I would actually like to know where Byrons profits are and what they would have been if he kept his initial 190000 shares.
At $1 shareprice a common 1% move to $1.01 would net him $1900. Yesterday a .335 buy and .38 sell for 50000 shares netted him around $2250, and that was a non-common 13.5% buy-sell trade.
Byron...at $1 if you held your initial 190000 shares at 4.7c your paper profits before tax would be $181 070.
Your goal (assuming this gets to $1) is to get $180k profit before $1 (to make the trading of this worth the stress)
Currently at .36 if you are $40k ahead....you must have 100k profits. ((0.36 -.047)*190000)+40k =100k
So $80k remaining. Can he do it folks. Keep us updated.
(PS...$80k doing $20k trades is 40 successful 10% gain trades. Above not including CGT on every trade)
Byron FYI....80k/($1/$0.36)=28.8k...if you know what I am saying...but you may need to become like one of us.
EXR Price at posting:
36.0¢ Sentiment: Hold Disclosure: Held
