TSXV:VER.H - Post by User
Post by
gaserx2on Feb 19, 2013 11:21am
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Post# 21009878
Math 101
Math 101 The three amigos that keep showing up here to bash VRS, if their intent is to knock our price down and keep us at bay in order to offset their losses at Mela. That is not a prudent move. I offer my suggestion below:
Bought Mela 50000shares@$5.00=$250000.00
Sell know 50000shares@1.60 =$80000 Loss=$170000.00
By VRS 125000shares@.57 =$71250.00
Hold for now and sell 125000shares@$2.60=$325000.00 Profit $253750.00 [Based on Zacks est.]
Loss on Mela can offset gain on VRS. That is what I would do. Makes no sense to keep bashing in order to offset a loss from a competitor. "Can't beat em join em." So if this is their motive as suggested, it's time to start anew thinking process. Go to the positive. Just simple math to me. IMHO.