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

To: Mike McFarland who wrote (3623)	6/25/2007 5:06:44 AM
From: Elroy	Read Replies (2) \| Respond to of 20435

So lets see. Here's your position on June 12th close: Cashboy Stock Price Shares Value Cost Change GOOG $504.77 0.108 $49.78 $483.52 4% Short CRIS $1.25 39.151 $48.94 $1.33 -6% Cashboy Total = $98.72 Selling CRIS is easy, you sell all your shares for $48.94, pay 1% commission and you generate $48.45 cash. -------------------------- For covering your short, the Value column already does the calculation for the short position's performance since it was initiated, so the cash produced by closing a short is just the Value column * 0.99. So covering GOOG generates $49.78 * 0.99 = $49.28 So you have cash of $48.45 + $49.28 = $97.73.