EXIT GREED

Guppytraders.com Copyright 2001 INSTRUCTIONS Enter details in blue cells only. All other cells automatically calculate. For ORGINAL TRADE AND ESTIMATED EXIT POINTS enter the buy value and quanity. Enter the estimated best and worst prices and the number of shares you intend to sell at the current price Green cells show both $ return and % return if full position was sold. This is the benchmark result. STRATEGY A calculates the outcome when the first parcel of shares are sold at the current price and the second at the highest estimated price. STRATEGY B calculates the outcome when the first parcel of shares are sold at the current price and the second at the lowest estimated price. COMPARISION OF OUTCOMES shows the results of all strategies including selling all shares at current, best and worst prices.

ORIGINAL TRADE AND ESTIMATED EXIT POINTS Initial purchase price Number of shares Total cost Number of shares to sell on first sale COMPARISION OF OUTCOMES Sell all at estimated best price Sell all at current price Sell all at estimated worst price Summary strategy A Summary strategy B 100,000 100,000 100,000

$ $

2.000 Current price $ 100,000 Est'd best price $ 200,000 Es'd worst price $ 50,000

4.000 8.000 3.000

$ $ $

8.000 4.000 3.000

$ $ $ $ $

Return 800,000 400,000 300,000 600,000 350,000

Profit on sale $ 600,000 $ 200,000 $ 100,000 $ 400,000 $ 150,000

%% return 300.00% 100.00% 50.00% 200.00% 75.00%

STRATEGY A - Sell part and prices rise shares sold selling price First sale, cu'rt price 50,000 $ 4.000 Second sale at 50,000 $ 8.000 estimated best price

Return $ 200,000.00 $ 400,000.00 Ttl return

profit on sale 100,000.00 300,000.00 Ttl profit

%% return 100.00% 300.00% Ttl % profit

$ 600,000.00 STRATEGY B - Sell part and prices fall shares sold # shares selling First sale from Strategy A 50,000 $ 4.000 $ 200,000.00 Second sale at 50,000 $ 3.000 $ 150,000.00 estimated worst price Ttl return $ 350,000.00

400,000.00

200.00%

profit on sale 100,000.00 50,000.00 Ttl profit 150,000.00

%% return 100.00% 50.00% Ttl % profit 75.00%

DISCLAIMER The spreadsheets in this pack have been prepared and issued by Guppytraders.com Pty Limited for educational purposes only. The calculated results reflect the assumptions and forecasts of the spreadsheet user and do not reflect nor constitute opinions, forecasts or recommendations of Guppytraders.com Pty Limited. The spreadsheets are not, and should not be construed as, an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. We are not aware of the manner in which the recipient intends to use these spreadsheets. In issuing these spreadsheets, it is not possible to take into account the investment objectives, financial situations or particular needs of any individual recipient. Investors should obtain individual financial advice to determine whether the results of the usage of these spreadsheets are appropriate to their investment objectives, financial situation or particular needs before acting in any way on such information or results.