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Car Stock Exchange Shorting and retired stocks
15 messages, Last post on Sep 22, 2008 at 1:21 PM
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So what happens when a stock meets Edmunds 6 month prediction and you short that stock?
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Replying to: blzer76 (Sep 07, 2008 1:02 pm) |
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thanks
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Replying to: blzer76 (Sep 07, 2008 3:16 pm)
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ok I need to jump onto this one. So lets say you short a stock that is currently selling for 45..which means you bought it at 55 and it retires and say 35, which means you get 65 for it?... you make a 10 per stock profit? Did i get that right?
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Replying to: mikedrud (Sep 07, 2008 7:22 pm) What stocks are retiring this month? exactly?
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Replying to: shin107 (Sep 09, 2008 9:46 am) 2008 BMW 1 Series 2009 Subaru Forester 2009 Hyundai Sonata 2009 Acura TSX A couple of those stocks need their Retire Date updated on their stock pages, but we'll do that later today. |
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Replying to: soobiedew (Sep 09, 2008 9:44 am) You short a stock when it is priced at $45/share It will say you shorted it and its price was $55/share in your Transaction List, but that just means you got it at $45/share. That is the cover price -- the price at which you break even. If the stock dips to $35/share, then you make $10/share if you cover (buy back what you shorted) or the stock retires at that price and you still have your short position. What's important here is the price at which you shorted the stock. There the inverse of what shows up in your Transaction list is important. Once you figure out that price (in this case it shows up as $55/share, so you shorted the stock at $45/share) and you don't need to apply that to the final stock price: $35/share. No inverse is involved. That's simply the price. To figure out if you are ahead or behind just figure out your short price and compare that to the actual price of the stock. Hope this makes sense. Mike |
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When a stock that you are holding as a short retires, is the short covered as of the day of retire and applied to your account on that day, or does the value of the short apply in the following month? For example, if I am short the BMW 1 Series as of 9/30/2008, does the actual gain apply to my account in September or October (when the actual sales data is available)?
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Replying to: larybak (Sep 09, 2008 6:44 pm) |
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