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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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Replying to: networkguy (Sep 20, 2008 10:48 pm) If you bought the stock originally, then you sell the amount you want to get rid of (cashing out). If you shorted it, you want to buy the same amount to "cover" (cashing out). Be careful on the shorting part. It's a bit complicated. In your transaction list, take the inverse of the price listed in your transactions (inverse being out of a top price of $100. So, if you shorted a stock and it says $83.00 in your transaction list, you shorted it at $17.00/share. 100 - 83 = 17. You need that stock to go below $17.00/share to make a profit.). Best, Mike CSX Game Supervisor
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Replying to: mikedrud (Sep 22, 2008 8:24 am) It seems like the gain from retired stocks on August 31 were applied on this month, is this going to happen to September retired stocks as well? For example, networkguy and bg96 have massive gains which could be done only by retired stocks gains in August. Thanks,
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Replying to: chung (Sep 22, 2008 12:38 pm) We're cleaning up Sept., so I'll make sure it's right. I'll update this board with additional notes soon. Once again: thanks for staying on top of the action. |
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