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Non-Tech : DWLima: Investing for Personal Wealth
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To: Sipowitz who wrote (108)1/11/1999 12:21:00 AM
From: Dan B.  Read Replies (1) of 245
 
11 1/2 Divided by 15 3/8 = 74.79674= 75% if you want to round up.

Yes, this does equal 75% rounded up. But the problem is that what it tells you is what the percentage of the current price your buy price was, I.E. 11 1/2 is in fact about 75% of 15 3/8. The difference between these two numbers is 3 7/8- which is your gain- which is a number you can plainly see is way less than half your buy price- and so your %gain is way less than 50%. About 30% in fact, as previously stated. Do you see? What you want to do is compare your gain to your buy price- and so you divide 3 7/8 by 11 1/2. Or, Multiply your shares times the two prices and see if what you can sell for looks more like 1/3 again what you spent, or 3/4 again what you spent as you're currently thinking. Just trying to help before you run any further with this.
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