Lesh
Diamond Member
- Dec 21, 2016
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And then if the price increases you sell those rebought widgets at higher than $75 you made more money.Really....
Lets do the math...
Lets say you bought 100 widgets for 30 bucks a piece which cost you $3000
Then you sold them for 95 bucks for a total of $9500, which means you made $6500 in profit.
Then you turned around and bought the same 100 widgets back for 75 bucks each, costing you $7500.
In the end you have the same amount of widgets but lost money in the process.
If your desire was to hold on to them forever you’d be right but that would make no sense