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S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
86.22
(
-0.34%
)
Bitcoin
55,054.91
(
-1.42%
)
Post# of 5964
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TraderRick47

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TraderRick47

Re: nextwiz post# 1211

Saturday, 11/15/2008 2:17:23 PM

Saturday, November 15, 2008 2:17:23 PM

Post# of 5964
your math is wrong in calculating a percentage loss

price was 2.18
price now 0.82
loss 1.36

divide the loss of 1.36 by the current pps of .82 and you get 165%

you are doing the division backwards

and no I am not bashing the stock just doing some number crunching and they do not look good

how can yoy say the maximum a stock can be down is 100%???

Please do not make investment or trading decisions based on what you read from a stock board. Do your due diligence before buying any stock especially a penny stock. The stock market is where money is transferred from the impatient to the patient

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