Silicon Investor (SI) -- The First Internet Community

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 : Picks of the quarter -- Ignore unavailable to you. Want to Upgrade?

To: Mike McFarland who wrote (3615)	6/14/2007 11:55:36 AM
From: Taro	Read Replies (1) \| Respond to of 20435

Just follow "my" ATHR... Next to come will be IKAN. Maybe too late for making an impact on the contest though. Had too much "vision" when I bet on Ikan for this round. Have 5k in real life though. Taro

To: Mike McFarland who wrote (3615)	6/24/2007 1:31:48 AM
From: Elroy	Read Replies (2) \| Respond to of 20435

Ok, the brain is not working too well, and I've got loads of other stuff to do, so if someone can remind me how to calculate covering a short position, that's be most useful. Here's Cashboy's GOOG short position: Cashboy Stock Price Shares Value Cost Change GOOG $524.98 0.108 $47.61 $483.52 9% Short And he covered at $504.77 on June 12th. So we can take the shares (0.108) and multiply by the cover price ($504.77) and get $54.36 he needs to come up with to cover his GOOG. But.....where does that cash come from - he doesn't have any cash. And do we multiply it by 1.01 or 0.99 to add in the 1% trading commission? This might be the first short covering we've done, and I've got other stuff to do at the moment. If someone wants to throw out the formula I'd appreciate it....