Selling Stocks

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ast3r3xast3r3x
Posted:
in General Discussion edited January 2014
Just a quick question about stocks.



You buy X amount of shares at $30



-Then-



You buy Y amount of shares at $14





can you just sell the Y amount of shares you bought at $14 or is it that you have to sell first the ones you bought first?



i heard this somewhere and it doesn't make sense to me but i wanted to make sure

Comments

  • Reply 1 of 10
    ghost_user_nameghost_user_name Posts: 22,667member
    There are no such rules,
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  • Reply 2 of 10
    ast3r3xast3r3x Posts: 5,012member
    Quote:

    Originally posted by Anders the White

    There are no such rules,



    i figured as much, because it doens't sound true...thank you
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  • Reply 3 of 10
    torifiletorifile Posts: 4,024member
    Ummmm, if they're the same stock, what difference does it make?
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  • Reply 4 of 10
    ghost_user_nameghost_user_name Posts: 22,667member
    Yes my first post was to be about that. But I think ast3r3x would be wise enough not to ask the question if that indeed was the case.
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  • Reply 5 of 10
    torifiletorifile Posts: 4,024member
    Quote:

    Originally posted by Anders the White

    Yes my first post was to be about that. But I think ast3r3x would be wise enough not to ask the question if that indeed was the case.



    You are too optimistic about the American education system, my European friend. Just kidding, ast3r3x.
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  • Reply 6 of 10
    ast3r3xast3r3x Posts: 5,012member
    Quote:

    Originally posted by torifile

    Ummmm, if they're the same stock, what difference does it make?



    hmm...didn't really think about it...well i'd rather well the lower ones so that i'm not loosing money at the time
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  • Reply 7 of 10
    torifiletorifile Posts: 4,024member
    Quote:

    Originally posted by ast3r3x

    hmm...didn't really think about it...well i'd rather well the lower ones so that i'm not loosing money at the time



    If you buy shares of the same stock at different prices, you just average the cost to get your cost per stock. You would need to use a weighted average if they were different amounts. So, if:



    You buy 75 shares at $30 and 100 shares at $14, you average cost per share would be ((75*30)+(100*14))/175 or $20.85 not including transaction fees.
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  • Reply 8 of 10
    ast3r3xast3r3x Posts: 5,012member
    Quote:

    Originally posted by torifile

    If you buy shares of the same stock at different prices, you just average the cost to get your cost per stock. You would need to use a weighted average if they were different amounts. So, if:



    You buy 75 shares at $30 and 100 shares at $14, you average cost per share would be ((75*30)+(100*14))/175 or $20.85 not including transaction fees.





    right i get it...well i never really thought about it until ur post earlier
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  • Reply 9 of 10
    i-bent-my-wookiei-bent-my-wookie Posts: 326member
    all the shares are worth 14$



    doesn't matter what you paid



    only matters what the market price is
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  • Reply 10 of 10
    torifiletorifile Posts: 4,024member
    Quote:

    Originally posted by I-bent-my-wookie

    all the shares are worth 14$



    doesn't matter what you paid



    only matters what the market price is



    That's true, but if he sold at $14 he would only lose $6.85 per share as opposed to $16 per share (using the example I used earlier).
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