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RAIT Financial Trust Message Board

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  • lmtrack lmtrack Jun 8, 2010 8:33 PM Flag

    readers beware: basher list

    Dr. F:

    _IF_ I had your patience, I might be able to avoid putting a lot of these knuckleheads on <IGNORE>, but I don't. I _was_ being kinda playful about the "ignore all negative", but it is definitely a temptation.

    Meanwhile, just for kicks, I ran some numbers on a very old-school ancient dollar-cost-averaging scheme that mutual funds salesmen used to suggest: investing the same fixed amount at regular intervals, so you get more shares at lower prices and fewer shares at higher prices. Pretend I bought $1000 of RAS common at the closing price every Monday for the last 6 months. Here's the prices and amounts:

    Date========Amount==Close===Shares
    06/01/2010==$1,000===2.34===427.3504
    05/24/2010==$1,000===2.51===398.4064
    05/17/2010==$1,000===2.27===440.5286
    05/10/2010==$1,000===2.83===353.3569
    05/03/2010==$1,000===3.38===295.8580
    04/26/2010==$1,000===4.06===246.3054
    04/19/2010==$1,000===2.97===336.7003
    04/12/2010==$1,000===2.36===423.7288
    04/05/2010==$1,000===2.65===377.3585
    03/29/2010==$1,000===1.99===502.5126
    03/22/2010==$1,000===2.07===483.0918
    03/15/2010==$1,000===1.84===543.4782
    03/08/2010==$1,000===2.16===462.9630
    03/01/2010==$1,000===1.96===510.2041
    02/22/2010==$1,000===1.70===588.2353
    02/16/2010==$1,000===1.65===606.06061
    02/08/2010==$1,000===1.20===833.33333
    02/01/2010==$1,000===1.10===909.09091
    01/25/2010==$1,000===1.26===793.65079
    01/19/2010==$1,000===1.26===793.65079
    01/11/2010==$1,000===1.43===699.30070
    01/04/2010==$1,000===1.48===675.67568
    12/28/2009==$1,000===1.31===763.35878
    12/21/2009==$1,000===1.39===719.42446
    12/14/2009==$1,000===1.41===709.21986
    12/07/2009==$1,000===1.43===699.30070
    11/30/2009==$1,000===1.55===645.16129
    11/23/2009==$1,000===1.36===735.29412
    11/16/2009==$1,000===1.53===653.59477
    11/09/2009==$1,000===1.58===632.91139
    11/02/2009==$1,000===1.65===606.06061
    Total cost: $31,000.00 Total shares: 17,865.17

    Average COST per share is $1.74

    Suppose I sold 16,000 of my 17,865 shares today at $2.01 per share. That would leave me $32,160 minus commission, which is less than $10.00 flat rate at my broker. Call it $32,000 just for fun. So, I have $1000 cash more than I spent, and still own 1,865 shares of RAS common that cost me ??? dollars.
    Maybe not "frxx" shares, but still...

    Yep, I'm about as unsophisticated a "trader" as you're ever likely to find. Just fell off the turnip truck = me. Still making money, somehow, simpleminded as I am.

    What's wrong with this picture?

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RAS
7.36-0.08(-1.08%)Oct 30 4:05 PMEDT

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