I agree with the last part of your statement.Generally it is hard to apply the rules nowadays but it definitely still applies
As in set fixed sha'ar. Not a range. What has that nowadays?
Gold, Silver, copper etc...
Or any commodity for that case, no?
So how do you work that when the shaar is already a +/-10% range? i.e. if the range for Amex points is 1.4-1.7 (median is 1.55, 1.4 and 1.7 are already +/- 10%) and you consider 1.55 the shaar, then a desperate buyer paying 1.8 and a desperate seller getting 1.3 are both onaah transactions...What about the fact that Amex lets you cash out MR at 1.0 but sells at 2.5? Does that make buy/sell transactions at those prices ok?Adding the mileage broker angle (and other complicating factors) just exacerbates the issue. Anyone consult with a competent LOR? What were their answers and reasons?
Are you sure that buying Amex at 1.3 is the rock bottom than any broker buys at?
Anyone consult with a competent LOR? What were their answers and reasons?