I tried to get rid all the stocks at 50% discount and my broker rejected due to out of range. What should I sell at now? I bought some at $50, $60 a few years ago. I tried this selling price at 50% OFF of $200 (not success out of range), 50% OFF of $120 ( not success out of range), 50% OFF of $100 ( not success out of range ), 50% OFF of $60 ( not success out of range ), 50% OFF of $50 ( not success out of range )
11 replies (most recent on top)
Nobody wants to buy it. Lower your price down more. Maybe try $10 to see if your broker is happy to give double the money
@OP just sell covered calls.
If OP bought the low, he'd be thanking me now!
May have been in marketing. Look at the first reply. It was the OP answering his own question. This is probably the only way he thinks, by trolling himself, as a split personality.
To be this brilliant, OP can only be from one the below two roles at Intel
- Human Resources
- Night shift operations supervisor in fab
I don't believe OP ever owned INTC.
@bp Just can't get the orange man out of your head, can you? Seems telling that you think about him so much.
@OP You don't understand that you can't sell it for more than it's worth? How did you obtain the stock in the first place? How were you able to get dressed this morning? How do you not fall down more?
learn what stock is before buying it
troll
Go to Yahoo finance, and look up the INTC share price. It closed at $22.80 today. I think the highest it went to in the past few days was $23.81. Therefore, if you ask for 50% of $50 =$25 per share. But Intel hasn't reached a high of $25/share in the past few days, therefore your broker rejects it. If you really want to sell it right away, then you can ask for $23 or something close to it, and then your broker won't reject it. But what I don't understand is, why are you selling the shares at a loss (lower then what you bought it for) if you don't need the money right away or to balance your capital gains (if you made money trading other stocks) with capital lose (by selling Intel shares at a lower price then what you bought it at), so you don't have to pay capital gains taxes?