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Forum Help Share deal - Have I been conned? (Golden Rainbow)

Share deal - Have I been conned? (Golden Rainbow)

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fazigadgie (Golden Rainbow)

All worlds
13 Jul 2009 21:50Link
I recently made an offer to buy shares in a company. They were basically worthless and I bid to buy 51% of the company. When I logged in next day, the trade had gone through but for some reason the shares had jumped hugely in price and the deal cost me billions. Next month, the shares plummeted back to being worthless. Have I done something wrong or have I been conned?
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SECDEF Revival (Little Upsilon)

All worlds
15 Jul 2009 06:17Link
I think that you've bought only half of the shares and you only control that half.
I haven't bought shares before, but i guess that's the case.
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fazigadgie (Golden Rainbow)

All worlds
15 Jul 2009 19:36Link
Thanks for your reply. I knew I was bidding for half the shares. My query is that they huge hugely in price just before the deal went through and then slumped to being worthless immediately after. It just seems strange.
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fazigadgie (Golden Rainbow)

All worlds
15 Jul 2009 21:16Link
sorry, that was supposed to say rose hugely in price