There you go with your crude insults again Todd! Did any family member, relative, or friend ever sit you down and talk to your about your behavior or personality? I have rarely seen the case where the person on-line did not mirror their true personality and integrity in most fashions.
Here is why "arbitrage" is immoral and wrong. It is duplicity and double dealing. It is selling something based on a price you know is fundamentally dishonest and immoral, and "selling" something as well that you never really owned in the first place.
Do you think God approves of this practice? No!
I know in the lawless and selfish world of our global economy and finance today that this is repeated 1,000 fold in other circumstances, but it does not make it any less immoral before God. It is duplicitous and full of hypocrisy, and God hates both (Zephaniah 1:4-5).
And also this:
"Wealth obtained by fraud dwindles, But the one who gathers by labor increases it."
Proverbs 13:11
You're watching your computer screen and you notice you can buy 10,000 shares of IBM at $142.52 and sell them at $142.54. I'm wondering if the $142.52 is the "fundamentally dishonest and immoral" price or if the $142.54 is the "fundamentally dishonest and immoral" price?
Anything you can do to help with my dilemma?
I think I see your problem. You don't understand arbitrage.
You're watching your computer screen and you notice you can buy 10,000 shares of IBM at $142.52 and sell them at $142.54. I'm wondering if the $142.52 is the "fundamentally dishonest and immoral" price or if the $142.54 is the "fundamentally dishonest and immoral" price?
Anything you can do to help with my dilemma?
Did you need another day or two to think about those prices?