T And The Price Didn't Rise example essay topic
381 words
AMX Resources: Share Prices and Company Details Company Details Directors ID Love (Director, Non-executive Dir.) MJ Palmer (Chairman, Director, Non-executive Dir.) W Lofton (Managing Director) C Ansell (Non-executive Dir.) B Cam arri (Non-executive Dir.) With the $30,000 I had to invest I bought 37980 shares in the company at $0.79. Then I waited and hoped that they would go up. When the shares reached the price of $1.24 I sold them. One reason for this was that on observing the stock exchange and some of the stocks that rise rapidly is that after a while the stocks drop because everybody wants to sell them before other people do and the price drops. The day after I sold the shares in AMX Resources the price dropped $0.14 to $1.10.
After that it dropped steadily to $0.98. When it reached this point I thought I might buy them again but I didn?? t and the price didn?? t rise until after our trading time had finished. Reasons I chose to buy the shares? h Will Becker gave me a tip. (A big reason as I don?? t have much idea on the stock exchange)? h I looked into the company and there was a bit of movement going on and so I thought it might go up.? h I didn?? t have anything else to invest in.? h It was a mining share and so prone to extremely big changes. AMX Resources is a company mainly involved in the gold exploration sector. The company has been around for a while and so I thought it would be a good buy.
Another thing I looked at whilst looking for a share to buy was the year high and the year low. I suppose in a way I was lucky that someone in our group was pretty involved in the stock exchange. I was also lucky that the stock went up and didn?? t crash. There is not much control over the stock market and so any money that is won is either a lot of good luck or a bit and some good management.
With this share I started with $30,000. After I sold them I had $47,095.
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