AMX Resources: Share Prices and Company Details Company Details Directors IDLove ( Director, Non-executive Dir.
) MJ Palmer ( Chairman, Director,Non-executive Dir. ) W Loxton ( Managing Director ) C Ansell ( Non-executiveDir. ) B Camarri ( Non-executive Dir. ) With the $30,000 I had to invest Ibought 37980 shares in the company at $0. 79.
Then I waited and hoped that theywould go up. When the shares reached the price of $1. 24 I sold them. One reasonfor this was that on observing the stock exchange and some of the stocks thatrise rapidly is that after a while the stocks drop because everybody wants tosell them before other people do and the price drops.
The day after I sold theshares in AMX Resources the price dropped $0. 14 to $1. 10. After that it droppedsteadily to $0. 98. When it reached this point I thought I might buy them againbut I didn??t and the price didn??t rise until after our trading time hadfinished.
Reasons I chose to buy the shares ?h Will Becker gave me a tip. (Abig reason as I don??t have much idea on the stock exchange) ?h I lookedinto the company and there was a bit of movement going on and so I thought itmight go up. ?h I didn??t have anything else to invest in. ?h It was amining share and so prone to extremely big changes. AMX Resources is a companymainly involved in the gold exploration sector. The company has been around fora while and so I thought it would be a good buy.
Another thing I looked atwhilst looking for a share to buy was the year high and the year low. I supposein a way I was lucky that someone in our group was pretty involved in the stockexchange. I was also lucky that the stock went up and didn??t crash. There isnot much control over the stock market and so any money that is won is either alot of good luck or a bit and some good management.
With this share I startedwith $30,000. After I sold them I had $47,095.