Last min advice, getting ready to pull the trigger on $7k VTSMX

[Russell]

That makes sense but I'm trying to figure out what price I purchased it at since it's not showing that under my "confirmations" so I was trying to figure it out from the account balance which is shown above.

[srblanco7]

Ok - I'm speculating here.

Invested 7000 - $17 transaction fee = $6983 net investment
You bought 419.963 shares
Therefore, share price at time of purchase was $16.63 (unless there was another fee somewhere in the transaction process).

Price then dropped to $16.43 yesterday and then increased to today's close of $17.49.

[Russell]

I think you're right srblanco7.

So due to the unexpected rally my short term gain is sitting at about $400. I think the stock market will go back down soon so should I sell it tomorrow and cash out or is it too short sighted of me?

[KTP]

I bought 5000 shares of Citibank friday at a buck and sold it yesterday for $1.41. I got nervous even though I have a sneaking feeling there will be some change in rules that will cause it to shoot up to $3 or $4. Still, booking the nice $2000 profit was sweet and helps offset the $4k loss in my spiders purchased since jan

lesson: don't be too greedy

[Bernz]

I bought 5000 shares of Citibank friday at a buck and sold it yesterday for $1.41. I got nervous even though I have a sneaking feeling there will be some change in rules that will cause it to shoot up to $3 or $4. Still, booking the nice $2000 profit was sweet and helps offset the $4k loss in my spiders purchased since jan

lesson: don't be too greedy

That a nice quick profit there....I probably should have done the same but just could not pull the trigger.

[Russell]

Too late, the market's down today.

Also, I wonder if the funds can kick you out for buying and selling them too soon?

[Broken Arrow]

Too late, the market's down today.

Also, I wonder if the funds can kick you out for buying and selling them too soon?

... The Dow's up 145 points at the time of this writing?

Yeah, there are some restrictions surrounding mutual funds. I don't recall exactly what they are right now, but it would definitely be something worth looking up if one is planning to sell soon.

Of course, ETFs would be most suitable for trading....