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moneyhungry

02/09/06 10:09 PM

#17 RE: moneyhungry #16


So stevepain has never bagged a 1400% return! Well listen up smart
ass and I'll tell you a little story about my investment group, which
is comprised of 8 members, 7 of us retired. Over 5 days during the
second half of Nov 2003 we bought 1000000 shares of presplit TIGR
shares at an average of 6.32 cents, for a total cost of $63198. Then
over 3 days in the last week of 2004 we sold all 40000 postsplit
shares at an average of $24.92 each and grossed $996800. In sum, we
booked a $933602 longterm gain in just under 13 months. And though
it's been a while since my last math class, I calculate our gain as
follows (($996800/$63198)-1)x100=1477%. What's more, many in my group
had friends who bought when we did but sold for $3 to $5 more than we
did. So if you can accept some advice from an old man smartass, I
think it's time you stopped looking at this situation from a linear
standpoint and instead adopted a more logarithmic viewpoint. Are we
long now? You can bet your smart ass we are. Oh and one other thing
stevepain, like many others on this board, I too have to seriously
question your motives. UW