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Alias Born 08/19/2012

Re: None

Monday, 08/27/2012 4:34:25 PM

Monday, August 27, 2012 4:34:25 PM

Post# of 621
Ooops! I made a mistake in shares purchased in my example:

A= 10416.66/66.667 = 156.25
B= 10416.66/(N*1.2) = 10416.66/(110*1.2)= 78.9
A-B = 156.25-78.9= 77.35 shares bought

77.35 shares bought*$66.667 = $5156.69 invested


It should be:
A= 10416.66/66.667 = 156.25
B= N*1.1 = 110 * 1.1 = 121
A-B = 156.25 - 121= 35.25 shares purchased

35.25 shares purchased * $66.667= $2350 invested

This is still a progressive buy, but not as exaggerated as my original calculation.

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