ACRT about to move to new highs Message Board

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Microcap & Penny Stocks : ACRT about to move to new highs

ACRT 0.110

-7.6%

Dec 30 4:00 PM EST

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To: docsox who wrote (1697)	2/22/1998 9:11:00 PM
From: Dana Merrill	Read Replies (1) of 7054

Without regard to the merits of ACRT or any other business, I must take issue with your contention that ".042% taken to the 52nd power is 24% for the year". What a bunch of crap!! One cent to the 52nd power is essentially zero. .00042 being less than one, it gets SMALLER with each multiplication, not larger as you state. If you want to take a specific amount of PROFIT, on the other hand, say a measly $2 and raise it to the 52nd power, you're talking some serious money....probably in the high billions or trillions. Finance is usually simple addition, subtraction, multiplication, and division. Don't get out of your area or you will look like an idiot whether you are one or not. I'll have a try at this and take the risk that I "will look like an idiot" since finance is not my "area". .042% gain compounded 52 times is calculated by raising 1.00042 to the 52nd power = 1.022 which results in a 2.2% compounded gain. 1.0042 to the 52nd gives 1.24 or 24% gain. I suspect Mr. P was right in his algorithm, just a slip of the decimal on the .042%.

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