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Re: holsh post# 27193

Thursday, 03/14/2013 4:05:52 PM

Thursday, March 14, 2013 4:05:52 PM

Post# of 122997
Thats funny Holsh!

I like your simple math! I wish my broker knew how to do YOUR math!
Lets see, you bought a small position at .0011, then added a little more at .0010, then you said all you needed was 2 times that share amount to get to a .0007 cost basis...hmmm

So lets plug in those numbers and see what happens. Let say you buy 100K at .0011, then another 300K at .001. That gives you a cost basis of .001025. You buy another 800K at .0006 ( 2x the amount) gives you a cost basis of .00089 by my math. Someone double check that, I could be wrong as well. I said you needed 5 times the amount at .0006 to get you to a cost basis of .0007 which would be 2M shares. Lets try that. Well thats a little low, about .00067

All Im saying is that you dont have a cost basis of .0007 when you bought at .0011 and .001. and then averaged down at .0006 at only 2 times the amount of the totaled 1st and 2nd purchases. Sorry