Author Topic: RadioShack stock price is $0.17  (Read 1521 times)

The RadioShack stock price is now $0.17.
I find this very sad, because I used to go there all the time.
Really, it wasn't a bad store. It allowed DIY projects to be very easy.
Now, onto other things;
How exactly do you buy a stock? I'm not necessarily saying that im going to buy it, but damn, it's $0.17. That's LESS THAN A DOLLAR.

It allowed DIY projects to be very easy.
yeah like homemade emp generators

yeah like homemade emp generators
Made it very easy to disable my neighbor's defense mech.
Shields are important, David.

You have to be either 18 or 21 depending on which state you're in to even try to buy stocks
Looks like you're out of luck :^)

would you really want to buy stocks with a company going out of business

would you really want to buy stocks with a company going out of business


You have to be either 18 or 21 depending on which state you're in to even try to buy stocks
Looks like you're out of luck :^)

would you really want to buy stocks with a company going out of business

He said he wasn't going to buy the stock. He just want's to know out of curiosity.

Note:

How exactly do you buy a stock? I'm not necessarily saying that im going to buy it, but damn, it's $0.17. That's LESS THAN A DOLLAR.

has something to do with a stock broker

How exactly do you buy a stock? I'm not necessarily saying that im going to buy it, but damn, it's $0.17. That's LESS THAN A DOLLAR.
They're going out of business. Any stock you buy will drop down to $0 when the company closes down.


They're going out of business. Any stock you buy will drop down to $0 when the company closes down.
Maybe someone will buy them out and their stock will rise again.

He said he wasn't going to buy the stock. He just want's to know out of curiosity.

Note:

the fact that he gave reasoning to buy it leads me to believe he was thinking about it
and "not necessarily saying--" isnt the same as "not saying--"

How exactly do you buy a stock? I'm not necessarily saying that im going to buy it, but damn, it's $0.17. That's LESS THAN A DOLLAR.

To simplify it:

You have an account with a stock broker (e.g. E*Trade) that holds money and stocks. If you opened a new one, it would only hold money, kind of like a bank account. Then, using your broker's interface (some use phone calls, most have online interfaces) you request a certain amount of shares of a desired stock (e.g. 1 share of RSHCQ). The broker charges a service fee for buying the stock (e.g. E*Trade has a $9.99 fee per trade) and purchases the stock at the current lowest price they can get it at. That value is subtracted from your monetary account and your portfolio gains stock shares.

Then when you want to sell it, you once again pay the trading fee (e.g. E*Trade has a $9.99 fee per trade) and the stock is sold at its current market price. The money earned from that sale goes directly back into your broker wallet.

What this means for you: to buy 1 share of Radioshack via the example E*Trade, it would cost $10.18 right now. Then if you sold it immediately, you'd pay the $9.99 trade fee but make back $0.19. So, buying and selling 1 share of Radioshack right now would make you lose $19.98. To break even, the stock price of the single share would have to go up by $19.98, which is a 105,158% increase in value. If you bought a hundred shares for a total of $19, to break even the stock price would have to go up 105%; a little more than double its current value at 39 cents. If you bought a thousand for $190, the stock price would only have to go up 10% to about 0.21 to break even.

While investing is a good idea, it's essential that you do your research beforehand