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To: koan who wrote (19296)8/27/2006 8:16:53 PM
From: tyc:>  Read Replies (1) | Respond to of 78413
 
>Tyke, when a $3 dollar wt is linked to a $15 stock that is a 5 to 1 leverage

That depends what you mean by leverage ! (Yorkshiremen can be stubborn too)

I checked the Oxford English Dictionary and it tells me that leverage is the "mechanical advantage" derived from the use of levers. In EC's example the mechanical advantage was not 5x. It WAS 2.5x. The levers may be 5:1 but they provided a mechanical advantage (leverage) of 2.5x.

As I suggested earlier, we are arguing semantics, but it's fun !



To: koan who wrote (19296)8/27/2006 8:24:09 PM
From: marcos  Read Replies (2) | Respond to of 78413
 
Last night i had the strangest dream, i never dreamed before, i dreamed the leaders of the world, had put an end to war ... i dreamed i saw a mighty room, full of rich old men, the paper they were signing said, they'd never fight again ...

.. but then whoops, wikipedia says that's been done, on this very day seventy-eight years ago - en.wikipedia.org

Trouble was, when you read the fine print, they didn't really buy Peace, none of them would spring for the common, they just bought the freakin warrants ... so of course they expired, fit only as wadding for musket balls, and then came moves on Abyssinia and Manchuria and various other places ... so it went

When they want the real thing they'll buy the common .... but don't hold your breath waiting on it, eh