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Strategies & Market Trends : Picks of the quarter -- Ignore unavailable to you. Want to Upgrade?

To: SARMAN who wrote (7493)	4/25/2009 5:23:26 PM
From: Sr K	Respond to of 20435

>>One third of my cash stay in cash ($$$$)<< Message 25596332 What Elroy did for you points up something for players to watch out for. While generally the $100 could be $10,000 or $1,000,000, and when you sell a stock, any decimal of cash that results is Cash, to add to Cash or be reinvested, when you take original cash to invest, cash is treated like real cash. So since you can't keep 1/3 of $100 in cash, Elroy left you with 33.34 in Cash and put 33.33 in each of the 2 stocks you picked. Procedurally, he has to take a number for an investment and input the closing price of the investment, and the spreadsheet calculates the shares purchased by dividing the number by the closing price. Because even 33.3333 put into each of 2 stocks and 33.3333 left in cash would leave .0001 out, he makes sure that the total invested and remaining in cash doesn't lose any decimal. That's why he put 33.33 into each of your two picks.