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Short Sale

5 messages,  Last post on Mar 27, 2008 at 2:11 PM

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What is this discussion about? Acura RL

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#1 of 5 Short Sale by svt_man

Mar 27, 2008 (1:09 pm)

I short sold 4,004 shares of the Acura RL at $65.98. Now the stock is worth $40.13. Why am I seeing a loss of $24,464.44?
 
This isn't right .. is it?

#2 of 5 Re: Short Sale [svt_man] by supra4

Mar 27, 2008 (1:25 pm)

Replying to: svt_man (Mar 27, 2008 1:09 pm)
you probably shorted at 34.02 and the stock went up to 40. read about the inverse function of shorting on csx.
 
100 - 65.98 = 34.02 (inverse)
34.02 - 40.13 = -6.11 (net change per share)
-6.11 x 4,004 = -24,464.44 (net losses)

#3 of 5 Re: Short Sale [svt_man] by mikedrud

Mar 27, 2008 (1:43 pm)

Replying to: svt_man (Mar 27, 2008 1:09 pm)
svt_man,
 
Check out my post here: mikedrud, "CSX - The "Short" transaction explained" #1, 29 Feb 2008 3:46 pm to help you understand the shorting process on CSX (which we will eventually change to make it a little clearer/easier to use).
 
Thanks,
 
Mike
CSX Game Supervisor

#4 of 5 Thanks by svt_man

Mar 27, 2008 (2:00 pm)

Ah, thanks Mike. Now it makes sense. I didn't realize that the prices were listed as inverses in the transaction listings.
 
Is there a way I can send you a private message Mike?

#5 of 5 Re: Thanks [svt_man] by mikedrud

Mar 27, 2008 (2:11 pm)

Replying to: svt_man (Mar 27, 2008 2:00 pm)
Yes, you can use our Help link here:
 
http://help.insideline.com/cgi-bin/insideline.cfg/php/enduser/ask.php?p_icf_8=ht- tp://www.insideline.com&p_cv=1.218&p_pv=&p_prods=&p_cats=218&p_hidden_prods=&cat- _lvl1=218
 
I will get that directly.
 
Thanks...

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