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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: chung (May 17, 2008 12:42 am) Thanks, Mike CSX Game Supervisor |
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Somtimes my explorer doesn't show the ads and popup an error msg... This could be very bad during ipo. It takes 2-3 sec to get rid of.
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Replying to: shin107 (May 19, 2008 6:32 pm)
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Replying to: mikedrud (May 20, 2008 7:29 am) Shorted 5708 shares Audi A4 on 8/15 Tried to cover 5708 shares today (8/23). I hit buy max figuring it would simply cover the shares I had. Remember I only had about $24 before this so I had no money to buy anything. System showed I covered 5708 and bought an additional 3037 shares. 8745 was the total shares that traded. To reconcile, I sold the 3037 sharesand ended up with "available cash" similar to the amount I would have had if my Audi A4 covered properly in the first place. Just look at the last 3 Audi A4 transacations in my history. How could I buy as part of that trade when I had no money?
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Replying to: kabrimm (Aug 24, 2008 8:06 am) If you have profit on your short, I believe the buy max option takes your profit and applies it to the purchase of new shares. If you turn and sell those shares immediately, you see the original profit from covering the short. If someone had gotten in on your trade action before you sold the freshly purchased shares, you would have made more or less depending on the other players buy/short decisions.
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Replying to: networkguy (Aug 24, 2008 2:42 pm) My initial short of 5708 shares shows $212,109.28 My cover/buy of 8745 shares shows $570,786.15 My sell of 3037 shares shows $199,500.53 How do I figure out if I made or lost money on this? If I am doing it right, I think I lost myself around $159K doing what i did. What a bummer if that is true.
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Replying to: kabrimm (Aug 25, 2008 8:00 am)
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Replying to: networkguy (Aug 25, 2008 11:58 am) a short works in a very simple way, you sell first and buy later, so let us say the price is at $10, then you sell 1000 shares at $10 you should have $10000 entering your account. now if the price falls to $5 and you decide to cover, you will buy 1000 shares at $5 resulting in an outflow of $5000 from your account leaving you with a profit of $5000 easily calculated. now, if you want to allow for overleverging, ie use the shorts as a way to get more cash to buy something else, in which case you would need to set a ratio of how much cash or percentage of wealth from shorts can be used to buy stocks. otherwise, if no over leveraging, the cash from the short would no be allowed to be touched in order to purchase stocks In any case this accounting method for stocks would be very easy to use and it would make it very easy to calculated the resulting profits.
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Replying to: number2 (Aug 26, 2008 9:31 am)  500.00. The price later drops to 400.00. The number quoted on the cover transaction would be 600.00. I cover my short of 100 shares and make 10,000. That's reasonably straightforward. The issue arises when I try to cover a.k.a. buy additional shares. I enter 200 into my cover transaction. That would cover my original 100 and buy me 100. The price per share would show as some number that doesn't make a lot of sense to me. It's very difficult to determine my profit from the cover and what I paid for the new shares. |
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I was working late tonight. I checked CSX a little after midnight. Now at about 3:00 AM CDT I checked again. Millions of shares have been traded since midnight. I have just watched a couple of stocks spike and drop radically and then return to normal within seconds. Hundreds of thousand of shares just moved very quickly... and it's 3 AM Saturday morning. Very odd indeed.
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