"at sp $2.78,they are about 100% higher than what they will be towards the end of 2015."
"sorry look and see,but the $2.78 means that in 12 months time it could be half of $2.78,which equates to $1.39 sp.100% gain on an end of year sp $1.39 gives you todays sp of $2.78.anyway ,sorry to be so pedantic,"
Dear Crazy,
I was thinking that looks more like "retarded" than "pedantic"!
If $2.78 was truly 100% higher then what it will be, then 100% lower would be $0.
50% of $2.78 is $1.39?? SO!
100% of $1.39 is $1.39
pedantic
adjective: pedantic
excessively concerned with minor details or rules; over scrupulous.
retarded
adjective: retarded
less advanced in mental, physical, or social development than is usual for one's age.
Very foolish or stupid.
cheers, ER6N
iron ore price, page-1097
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