A.I.M Users Group Bulletin Board Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : A.I.M Users Group Bulletin Board

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: THE FOX who wrote (8728)	10/4/1999 3:39:00 PM
From: Bernie Goldberg	Read Replies (2) of 18928

Hi, You missed a minus sign which is very important. It was -$12. Lets say you bought 500 shares of XYZ at $10 per share = $5000 Assume AIM directs you to sell 50 shares at $20 = $1000 Assume AIM directs you to sell 100 shares at $35 = $3,500 Assume AIM directs you to sell 75 shares at $38.5 = $2,888 You would have sold 225 shares and have 275 shares left. Since you received $7388 for the 225 shares you sold and you only paid $5000 for your original 500 shares you have a profit of $2388 on your original investment. One could say that you were paid $2388 for the shares that you haven't sold. $2388 divided by 275 is $8.68. Since this represents $$ that you have received and not money that you have paid, it is a negative. Therefore, the cost of those 275 shares is -$8.68. Hope this explains it. Bernie

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next