Kumar wrote:OK intelligent man. I wonder how you average from 57 to 33.krishan Aakash wrote:HA HA ha u foolish men...IN My first post i told u if this hit it can easily go about 50 range. yep previously i had got greg stock in 57 range...now all of them i average to 33 level.i am real winner after greg moving....I am not stupid person keepin my greg stock in 57 range...ha ha ha
Wish you all the best.
I thought to go back to my grade 5 mathematics.
Lets assume Krishan had X amount of GREG at 57. Then his total cost is 57X.
Lowest value that Krishan could have bought it back is 31.40.
Assume he bought Y number of shares at 31.40.
Then his total cost is 31.40Y
Then
(57X+31.40Y)/(X+Y) = 33
57X + 31.40Y = 33X+33Y
24X = 1.60Y
15X = 1Y
That is, if Krishan had 1000 GREG at 57, he should have bought 15000 GREG at 31.40.
What a good trader you are Krishan.. you have averaged down it by buying 15 times more shares from the initial investment.
Note:- I failed grade 5 exam.