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Strategies & Market Trends : Picks of the quarter -- Ignore unavailable to you. Want to Upgrade?


To: Elroy who wrote (3622)6/24/2007 12:56:30 PM
From: Mike McFarland  Read Replies (1) | Respond to of 20435
 
Margin call? Ha, no. You used half of my cash at
the time to short goog, half of $104.14, presumably
there is $52.07 in an imaginary money market.
And besides, the sale of Curis raises about $49,
which is nearly enough to cover the Google short.

In any event with $2.29 in losses for shorting
GOOG added to the cash in my fake money market,
plus $1.25 times 39.151 for $48.94 salvaged from
selling CRIS, I rekon I have $98.72 less the 1%
commission. Call it $98 and I wont switch to a
different broker, ha.



To: Elroy who wrote (3622)6/24/2007 3:26:29 PM
From: Sr K  Respond to of 20435
 
Rule 2 includes "You pay 1% commission on sales or short covers" so on the cover of GOOG the cost is the cover price plus 1%.