GDN 0.00% 1.7¢ golden state resources limited

warnieyou can't make the gain disappearput some numbers behind...

  1. 165 Posts.
    warnie

    you can't make the gain disappear

    put some numbers behind it and it'll make sense - eg
    you buy 10,000 @ 5.00 = 50,000

    in 4 weeks your parcel is worth 75k - sp must be 7.50

    market value is therefore 10,000 @ 7.50 = 75,000

    you've made a 50% gain

    whatever qty you sell, you've got a prima facie gain of 50% on the amount sold

    if you sell a $50k in value now, you've sold 6,667 shares
    shares ie

    6,667 @ 7.50 = 50,000 disposal proceeds
    6,667 @ 5.00 = 33,333 cost
    gain is therefore 16,667 or 50%

    cheers

    MK

 
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