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Old 10-18-2003, 05:59 AM
Cal Learner-- MVP
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Posts: n/a
Default Re: Short Selling

In microsoft.public.money, Tom wrote:

- quote -

> I sold a stock short.
> It DID show up as "Short Sell" in the "Investment
> Transactions" page. It did NOT show up in "Cash
> Transactions" page.


Edit that Short Sell transaction and make sure the cash account for
your broker is selected in the "Transfer to" list.

- quote -

> I bought the stock back.
> It DID show up as "Cover Short" in the "Investment
> Transaction" page. It ALSO DID show up under the "payee"
> column in the "Cash Transactions" page and deducted the
> amount of the repurchase (short cover) from my Cash
> account.
> So, I now have a shortage in my cash account equal to the
> amount of the Cover. In other words, the short never
> showed up as a debit, but the cover DID show up as a
> credit. Therefore the account is out of balance.


  #-1  
Old 10-18-2003, 12:37 AM
Tom
Guest
 
Posts: n/a
Default Short Selling

I sold a stock short.

It DID show up as "Short Sell" in the "Investment
Transactions" page. It did NOT show up in "Cash
Transactions" page.

I bought the stock back.

It DID show up as "Cover Short" in the "Investment
Transaction" page. It ALSO DID show up under the "payee"
column in the "Cash Transactions" page and deducted the
amount of the repurchase (short cover) from my Cash
account.

So, I now have a shortage in my cash account equal to the
amount of the Cover. In other words, the short never
showed up as a debit, but the cover DID show up as a
credit. Therefore the account is out of balance.
 

Tags
selling, short
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