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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: SEAN007 who wrote (2848)6/25/2001 2:17:30 PM
From: Michail Shadkin   of 6873
 
Sean - Re: WEBX

I sold short WEBX at 3 different levels 1/2 position each

19.85
21.90
29.75

Today I covered my 1/2 position from 29.75 at 26.30 +3.40

The SI portfolio tracker is confusing enough to look at for many.

I use last in , first out - LIFO

So each entry is a seperate line item and I never bunch them together or change cost basis.

I am still holding my shares from 19.85 and 21.90
Those are reflected on the SI portfolio as unrealized losses (they can be clearly seen there) and today's cover profit from trading shares from 29.75 went into the cash line which is realized gains.

If you or anyone else need further clarification, please let me know.

Michail
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