2008/5/27 Mario Goveia <[EMAIL PROTECTED]>: >> Mario wrote: > Mario responds: >> > Sadly, Gabe is both wrong and right:-)) First, Gabe > is wrong because a rocket scientist would surely see > that his calculation above is too simplistic. On the > other hand, Gabe is absolutely right that more > education is required here, which I am happy to > provide:-)) >> > The USD640 per ounce is a simple average of USD280 and > USD1,000. However, the actual average would also > depend on how many ounces were bought at USD280 and > how many at USD1,000. >> > For example, ignoring fees and commissions, if 10 oz. > were bought at USD280 and 20 oz. at USD1,000, the > average for these two transactions would be USD760 per > ounce, not USD640.
REPLY: Still in the money; even more so if he continued to buy at intervals right up to and including USD1000. Only 1 trade gone wrong, after possible 7 successes. Now I suppose you will come up with an even worse case scenario, to show a loss. This is the classic 'Goan carb mentality' that you espouse. Mervyn is a professional and makes his living by his wits and his knowledge, instead of being happy for him you aim to pour scorn and aim disparaging remarks. -- DEV BOREM KORUM. Gabe Menezes. London, England
