AI
Tuesday, November 27, 2007 1:17:30 AM
You would have made 15000$ wow !!!
For example, let's say I decided to short sell Countrywide (CFC) and borrowed then sold shares at the price of $35 per share. That was Countrywide's shareprice less than a month ago. Today, CFC is trading around $20. I could by back the shares for $20, give them to the broker, and keep the $15 in profit. So if I shorted 1000 shares of CFC I would have made $1500. Mind you this is a simplified example and there are other rules that apply to short selling as well as closing dates.
For example, let's say I decided to short sell Countrywide (CFC) and borrowed then sold shares at the price of $35 per share. That was Countrywide's shareprice less than a month ago. Today, CFC is trading around $20. I could by back the shares for $20, give them to the broker, and keep the $15 in profit. So if I shorted 1000 shares of CFC I would have made $1500. Mind you this is a simplified example and there are other rules that apply to short selling as well as closing dates.
Get rich slow get poor fast.
“When a man with money meets a man with experience, the man with the experience ends up with the money, and the man with the money ends up with the experience.”
You have to take their money before they take yours. :-))))
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