THC Biomed Intl Ltd C.THC

RE:RE:swings of SP

[Lapilia1]

droidmeister wrote:

First, let’s analyze the math for someone who bought 40,000 shares at $1.60 on Thursday (cost of $64,000), and sold at an average price of $1.47 (proceeds of $58,500) on Friday morning. They lost $5,200. But they could have bought those shares back at prices as low as $1.38 during the day on Friday, so at the end of the day, they could have re-acquired the same 40,000 shares for $55,200 and at the end of the day, they’d be sitting on the same 40,000 shares plus have $3,300 in their pocket – not bad.

Your reasoning is interesting. However, the excerpt I am presenting here seems wrong, which would be a shame because much of your reasoning depends on it. If someone buys 40000 shares at $ 1.60 and resells $ 1.47, he actually loses $ 5200. If he redeems $ 1.38 the next day, he recovers his shares but does not recover his loss. He is only paying less for his shares. Repeating this strategy does not enrich anyone. In the end, we can lose our shirt. Correct me if im wrong ...