FormerXBC Inc XEBEQ

RE:RE:RE:RE:Well ANRG

[whognu1]

fair enough, i used the wrong terminology


i thought you of all people woud have uunderstood the nuance

to clarify:

if i buy 2 shares for $10 my acb is $10, and my cost is $20.


if i sell 1 share for $20, my acb remains $10

however, my actual investment 'risk' in ANRG  is essentially zippidy doo dah

essentially means basically, or effectively................


in the case of anrg i did do a quick calc and my ACB is indeed $15.03, yet through purposeful trading, my 'at risk' per share is currently $12.75 

i like to know my true market exposure 

good luck

savyinvestor333 wrote: I thought I was good at math but I have never seen my Adjusted Cost Base change because I sold shares. Please enlighten me. Taking profits and then saying it drops your ACB is new math to me.

whognu1 wrote: well, all good

please don't worry about me...........


layered in positions starting july 2021 @ $16, $19, $12 (feb 2022)

sold 1/3 at $24.50 (sept 2021)

so, sitting on half postion (current acb $15.03)

(actually with the sell my true acb is about @ todays price) 


will add, likely wednesday

or not

good luck

Gann999 wrote: Isn't that the one weasel and whognu were cheerleading on. They certainly are chugging along.

savyinvestor333 wrote: is taking it on the chin today down 17%