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[FightyF]

http://bigcharts.marketwatch.com/qu...p?symb=segny&sid=0&o_symb=segny&freq=9&time=1

I don't know if you'll get the right date on there...but anyways it says that the high was $3.40, and the low was $2.76...and that means for the day...is that right? Has it been doing this for a while?

If someone could buy 1000 stocks at say, $2.80 during the day, and then sell it at $3.30 in the same day...that's $500 made, in a day.

I'm not a stock wiz...this sounds too easy and too good to be true. Though not a wiz, I know that this kind of fluctuation does occur with many companies, but SEGA's stock compared to say, MS or Sony is quite a bit lower priced.

And to those following the stock...has this been a fairly common occurance with SEGA stock?

Oh, and if need be, the mods can move this over to OT...as this is somewhat related to both gaming and OT.

 

[AniHawk]

There was a very good thread in 2003 or 2004 where someone asked about Sega stock. Not sure if they still post here, but they bought stock at $1.40 a share in May, I think it was, and sold their shares in November for about $6.00 a share.

 

[Folder]

There was a very good thread in 2003 or 2004 where someone asked about Sega stock. Not sure if they still post here, but they bought stock at $1.40 a share in May, I think it was, and sold their shares in November for about $6.00 a share.

There have been times in the office when we have sat around saying, "We should really buy some Sega shares." About ten occasions I think. The most painful was when we didn't buy before Sega ditched Dreamcast, even though we had a three week heads-up. We do have Acclaim shares though. So that's alright.
:'-(

 

[ElyrionX]

http://bigcharts.marketwatch.com/qu...p?symb=segny&sid=0&o_symb=segny&freq=9&time=1

I don't know if you'll get the right date on there...but anyways it says that the high was $3.40, and the low was $2.76...and that means for the day...is that right? Has it been doing this for a while?

If someone could buy 1000 stocks at say, $2.80 during the day, and then sell it at $3.30 in the same day...that's $500 made, in a day.

I'm not a stock wiz...this sounds too easy and too good to be true. Though not a wiz, I know that this kind of fluctuation does occur with many companies, but SEGA's stock compared to say, MS or Sony is quite a bit lower priced.

And to those following the stock...has this been a fairly common occurance with SEGA stock?

Oh, and if need be, the mods can move this over to OT...as this is somewhat related to both gaming and OT.

Intra-day trading isn't as simple as that.

 

[Lazy8s]

I wasn't the one who started the old thread about SEGA stock, but I also bought mine at $1.40 and sold a lot higher later on (I don't think it reached near the $6 mark under SEGNY, though.)

Basically, yes: a stock can be bought at a low price during the day and sold at a high price later in that day for huge percentage and dollar gains. And yes: a stock with a low share price can sometimes fluctuate over 10% or more in a day, and can sometimes even do it multiple times within one day.

Inter-day trading on SEGA is another story, though. It's an ADR; it's not like those regular symbols you might be used to seeing which scroll by on the bottom of a news channel, moving a penny at a time. You can't pull it up on a normal stock ticker and track its progress easily throughout the day. It's a foreign security held by an American bank or institution for trading here, and their clerk has to act as an intermediary for any transactions. So, if you tried to trade it, your broker has to send the order to them first, making the process slow, blind, and imprecise for the most part. A member at this board named Quartet, I believe, once linked to a nice tool for tracking some inter-day ADRs at http://www.island.com/ -- but, even with that, it still wasn't possible to do with SEGA what you were asking.

On stocks like SEGA's which have a low volume, the asking (buying) and bidding (selling) prices are not anywhere near the current price, which means you're almost guaranteed to lose most of a daily gain because you will be paying over what it's worth to buy and getting lower than it's worth to sell. In other words, don't expect to make money on stocks with a low volume in such a short time. After one day of SEGA, expect to be behind on money just due to the bidding margin and transaction fee.

There are stocks with low share prices making big percentage changes in a day that you CAN trade easily on a stock ticker, though. SEGA just isn't one of them. And for any day trade you do make, be aware that there are very high short-term capital gain taxes on any profit. And, certainly be aware that you might be fooled into getting onto the top of a dropping stock price as opposed to the bottom of a rising price.

By the way, it's now traded under SGAMY, and not SEGNY, since the Sammy merger. Completely different share value.