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Car Stock Exchange CSX Errors
242 messages, Last post on Nov 03, 2008 at 6:55 AM
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Replying to: cheapskate77 (Feb 28, 2008 12:55 pm) 1. In your "My Stocks" list 2. In your "Transactions" list of CRLA when you shorted it. I'm just confirming all information as I look further into this issue. Thanks, Mike CSX Game Supervisor
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Replying to: mikedrud (Feb 28, 2008 1:26 pm) (370) $596.65 $220,760.00 02/28/2008 Short Price when sold/covered: 370 $495.27 $183,250.00 02/28/2008 Cover I just copied that out of my transaction list to include all information. Sorry the headings are missing, but you know what those are 
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| My Portfolio says I have 0.3 of a share of CRLA and has a loss of $201,465.57, and since I cannot sell a fraction of a share I cannot get rid of it. | |
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Replying to: cheapskate77 (Feb 28, 2008 1:29 pm) Please check my explanation of shorts elsewhere on this board to see if that helps shed any light on things.
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Replying to: xed (Feb 28, 2008 1:42 pm)
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Replying to: xed (Feb 28, 2008 1:50 pm) The Corolla is one of the best-selling, most popular cars in the marketplace, so it zoomed into the stratosphere as soon as we opened the market. It may not remain in the 0 - 1,000 price range, though. Mike CSX Game Supervisor |
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Replying to: xed (Feb 28, 2008 1:42 pm) "just buy back the same number of shares you originally sold short and your profit will be the difference between he original sale price and the current price" I don't think I'm confused on how shorting works. Slap me if I am, though. Again, thanks for the help!
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How in the world are supposed to know when we can sell/buy something when the actual buy/sell price can be HUNDREDS of a percent difference from what it says the last trading value is?
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Replying to: doctorlove (Feb 28, 2008 2:21 pm) |
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Replying to: cheapskate77 (Feb 28, 2008 2:09 pm) Shorting, especially the auto-covered variety that's done in this game, can be tricky to understand. Check out this post and see if it makes things a little more clear. Adding to that, I should point out that the transaction list on the Portfolio page is showing the inverse prices for short and cover transactions, so if you see a short  $10, and then a cover at $20, this means that you shorted the stock when its "buy" price was at $90, and covered it at a buy price of $80, so you made money because it did indeed go down. However, in your case, if the cover price is lower than the short price, because both are inverses of the "buy" price, you know that the "buy" price went up and you lost money. I think the rules are correct when they discuss the "difference between the original sale price and the current price", it's just unclear that the prices shown in the transaction list for shorts and covers are not the stock's actual price, but the inverses (which you pay when you do a short or a cover).
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