> From: [EMAIL PROTECTED] > Date: Thu, 31 Jul 2003 12:30:13 -0600 > To: "e-gold Discussion" <[EMAIL PROTECTED]> > Subject: [e-gold-list] arbitrage >
> Last month I had ISL buy a couple of TGC shares just before the > moment the dividend was paid. Cost, 100 grams each. Then at noon > onthe first the dividend was paid. Payment, 0.60 grams per share. > > Then I had ISL sell the shares for 99.90, hence costing 0.10 gram and > making a profit of 0.50 grams -- PURE ARBITRAGE! (assuming there are > buyers!) Don't get me wrong, but if you had kept the shares wouldn't your profit have been 0.60g? If you buy a share, collect the dividend each month and resell, wouldn't you end up with less grams of profit than if you just keep the share? - John --- --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
