A.I.M. Users Bulletin Board

[labestul]

Thanks Conrad,

There is still one point I don't get.

Let's say that s is Lichello's safe (i.e. 10%) and let S be your value (i.e. S = 1 + s )

Then Lichello's actual buy order is

pc - y * (1+s) = pc - S*y

but you assert that Lichello's buy order is of the form

S * (pc-y)

I don't see how this is possible. Of course there may be something obvious which I am not seeing.

Could you provide a mathematical demonstration of how the first expression can be transformed into the second. (Of course the two S factors would be different.)

Thanks,

Barry