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Msg  10071 of 10334  at  10/20/2019 8:19:30 PM  by

drifter322

The following message was updated on 10/20/2019 8:23:39 PM.

 In response to msg 10069 by  Dimplesimon
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Re: update badd ass balls contest week 3

  
 
 Then his +19% on thurs was wrong!
 
 
No, that was correct also. 
 
87.07 Thu. closing price - 73.13 cost basis = 13.94 gain.
 
13.94/73.13 = 19.06% 
 
It's like a stock that drops from 10 to 5 .... it has lost 50% of its value. In order to get back to break even, it now has to gain 100%.
 
It's basic math.  
 


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