$Faraday Future Intelligent Electric Inc. (FFIE.US)$ Not sur...
Not sure which I like more... So not true, obviously the diluted price because it shows I've already covered my potential losses. 😁
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Finance major from Syracuse U/finished MBA 2 years ago/lifelong torrid love affair w/ stock market. Day trading newbie.
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151751316 : does 'diluted cost' mean the average price per share here?
Kicker168 : How many shares do you have?
Ben Buttons : probably sold and collected profits
BeeDeeVee712OP 151751316: The diluted cost is a play on your average cost. Average cost just takes into account what you spent on acquiring the stock and diluted does the same but also includes stocks that you have sold already and is based on those sell prices being accounted for in the average. Btw, if someone else can explain this better, go for it, I don't feel like I did a great job with it lol.
BeeDeeVee712OP : I owned 100 shares, I sold 50 total (at between 2.60 and 3.40 a share), so still have 50 remaining shares at my original buy price. I'm hoping to see another pop come next week, if not, at least I've already secured my break even point since my diluted cost is negative!!}\\⁷||
BeeDeeVee712OP Ben Buttons: Bingo, good call there. I owned 100 shares, I sold 50 total (at between 2.60 and 3.40 a share), so still have 50 remaining days
Ben Buttons BeeDeeVee712OP: that's great, that's how you should do it but alot of people don't but who knows.
BeeDeeVee712OP Ben Buttons: Exactly, take profit when you can, especially in a situation like this where the stock just exploded. I think it got like $0.50 higher than where I sold at but I'm not kicking myself, I made a killing selling where I did. I think that last part is where people have the hardest time. It's that potential FOMO if it ends up going higher and you could've made more.
I have my Bachelor's in Finance which is probably why it's second nature to secure those profits when you can. Otherwise I probably wouldn't have done what I did either.