http://www.stocktradingtogo.com/2006/03/23/sirius-yields-some-quick-profits/ Investing Online Made Easy Thu, 18 Mar 2010 20:35:23 -0400 http://wordpress.org/?v=2.8.4 hourly 1 http://www.stocktradingtogo.com/2006/03/23/sirius-yields-some-quick-profits/comment-page-1/#comment-14 Blain Mon, 03 Apr 2006 19:29:29 +0000 http://falkininvesting.com/blog/?p=31#comment-14 When I say my client's account, I mean that I am making the trade in his account literally, not doing the deal with him. So, I shorted (sold 500 shares) at $5.14, then shorted (sold 100 more shares) at $4.86. I didn't own any of the stock, and was selling shares I didn't own. Then I bought back (covered) all 1,500 shares at $4.78. All the profit's realized were in his account. I apoligize for not clarifying this in the post, hope that makes sense now. Excellent question Heidi! When I say my client’s account, I mean that I am making the trade in his account literally, not doing the deal with him. So, I shorted (sold 500 shares) at $5.14, then shorted (sold 100 more shares) at $4.86. I didn’t own any of the stock, and was selling shares I didn’t own. Then I bought back (covered) all 1,500 shares at $4.78. All the profit’s realized were in his account. I apoligize for not clarifying this in the post, hope that makes sense now. Excellent question Heidi!

]]> http://www.stocktradingtogo.com/2006/03/23/sirius-yields-some-quick-profits/comment-page-1/#comment-13 Heidi Mon, 03 Apr 2006 19:18:56 +0000 http://falkininvesting.com/blog/?p=31#comment-13 I'm trying to understand short selling right now so I just wanted to get some clarification on what you were doing. You borrowed 500 shares of someone's stock at $5.14 and sold it immediately, then borrowed 1000 more shares at $4.86 and sold that. Then bought back (covered) the 1500 shares at $4.78 for a profit where you returned your client's shares to him and made a profit of $260. Do you have to pay your client part of that profit money or is returning his shares enough? I’m trying to understand short selling right now so I just wanted to get some clarification on what you were doing. You borrowed 500 shares of someone’s stock at $5.14 and sold it immediately, then borrowed 1000 more shares at $4.86 and sold that. Then bought back (covered) the 1500 shares at $4.78 for a profit where you returned your client’s shares to him and made a profit of $260. Do you have to pay your client part of that profit money or is returning his shares enough?

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