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.
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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.