OTCPK:GBGPF - Post by User
Comment by
SmellsFishyon Jan 26, 2018 12:37pm
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Post# 27441714
RE:RE:RE:LOAD UP ON CMED TRAIN BEFORE ITS TOO LATE
RE:RE:RE:LOAD UP ON CMED TRAIN BEFORE ITS TOO LATEOk i see you don't have a degree in finance. Buy 1000 shares of CMED at 38.89 for $38890. Sell short 3400 shares of ACB at 13.45$ For 45730$
Deal closes and I get 3400 shares of ACB for my 1000 shares of CMED. I close out my short with the 3400 shares of ACB received.
So so my purchase of 38890$ of CMED earned me 45730$ from ACB
This is called arbitrage.