RIN Arbitrage Trade
This is an interesting one… (GIFT FROM GOD)
Dear All,
Every client should be buying 2000 RIN today.
Our MD, Lance Rosenberg is going to fully finance your entry (you don’t need to have one cent in your account).
We buy the RIN shares below $19.00 in your account and then immediately accept the $19.50 offer from Cemex. The takeover is now unconditional.
This trade has been guaranteed by our MD, so it is free money! You should make around $400-$450 (after all costs) in one month.
It doesn’t get any better than this!
The Trade (18th June 2007)
Buy 2000 RIN @ $18.81 (-$37,620)
Accept Cemex Offer to buy 2000 RIN @ $19.50 (+$39,000)
Abritrage $0.69 Per share! Profit ($1,380)
PS: I have to hold this stock for about 1 month or so while CEMEX buys them off me, the interest is ~$300-$400 for a month (100% finance)
PSS: I DID NOT use any of my money! Tricom are pretty nice, they lent me all the money. (obviously Tricom made $300-400 in interest out of everybody. That said, everybody would have made ~$1,000 for doing nothing)
I was actually thinking of doing this trade before but didn’t want to tie down so much money for a month on a zero risk low return trade. Obviously, since Tricom is lending me the money things change! Only a fool would say NO to free money! Most people would most probably think this is too good to be true and won’t do it… thats why they miss out!
You are only allowed to do 2000 stock at the guarantee price of $19.50 as specified on the cemex website
That said, will let you guys know how long I have to wait and the interest + brokerage I need to pay to do this trade, hopefully come out for $800-$1000 for doing nothing!
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I’m doing it too ^ ^ except I wont be here when it happens haha going off to malaysia
[...] Just incase you are wondering what trade i’m talking about, just click and to read what I wrote in June… Click Here [...]