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napling02

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napling02

Re: None

Monday, 03/16/2015 10:58:51 AM

Monday, March 16, 2015 10:58:51 AM

Post# of 41155
The interest doesn't scare me even if it's at 7.5%. If I hold the investment on margin for 3 months then the actual interest charged will be 1.875% (7.5% x 3/12) of the borrowed money. Which would be $113 over 3 months on $6,000 of borrowing. If I buy 3,000 shares at $2/share and the stock goes to $3 then I would still have $2,887 profit.

I might wait and see if uwti falls to $1.50 before I purchase additional $6,000.
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