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ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
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02-12-2006 09:24
IGE Selling L$ for: US$3.53 = (aka: L$283) LindeX Buying L$ for: US$3.59 (aka L$27  Nothing like making US$0.06/cents per L$1000.... Time to Buy from IGE and Sell on LindenX. Sorry if it pushes the price back down. |
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Ricky Zamboni
Private citizen
Join date: 4 Jun 2004
Posts: 1,080
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02-12-2006 09:41
Unfortunately, after the LindeX transaction fees, you would need the price to rise to L$272/US$ to make a profit.
Buy from IGE: $353.99/L$100k
Sell on LindeX: $354/0.965 = $366.84 required to make a $0.01 profit after selling fees
LindeX rate required: L$100k/$366.84 = L$272.6/US$
It only gets harder if you're trying to sell lots smaller than L$100k.
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Shaun Altman
Fund Manager
Join date: 11 Dec 2004
Posts: 1,011
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02-13-2006 19:36
From: Ricky Zamboni Unfortunately, after the LindeX transaction fees, you would need the price to rise to L$272/US$ to make a profit.
Buy from IGE: $353.99/L$100k
Sell on LindeX: $354/0.965 = $366.84 required to make a $0.01 profit after selling fees
LindeX rate required: L$100k/$366.84 = L$272.6/US$
It only gets harder if you're trying to sell lots smaller than L$100k. ReserveBank, This doesn't nesicarially mean that it isn't time to make a short term TRADE if you feel good about it though. I say give it a try!  |