RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Just keeps dropping....Are you both the same guy responding to himself ?
Forget to add that shorting have a borrowing fee that you must include to your calculation. And also, one can only short what his margin account allowed to. Risky play to short a penny stock. For a max gain of 100% ... But limitless loss ... Hexo now is a BUY, not a short... Just my 2 cents for you, both (?)
GLTA
Touran77 wrote: Lol, looking at my job and pretty happy about it, thanks for asking. Never shorted, so I thought it was as simple as gain(loss)/amount invested as a regular transaction buddy. Again, taking the word of a pro shorter :). I am happy for Q and the gang that was here a long time before me. They can now also make fun of you if your prediction does not materialize.
Rothchildish wrote: Its 0.7345 but I'll let it slide. How does it feel to pay thousands of dollars for a degree when you can simply get the proper teaching on a random internet forum. oh 2020 what a year.
Touran77 wrote: Based on your calculation, 0.73$.
(1.30-0.73)/1.30= 43.84%.
Thanks for the homework, can I call myself a pro now?
Rothchildish wrote: Ill cover when i reach a 43.5% return. What price will that be?
Touran77 wrote:
You are a pro shorter and I never shorted a stock yet, so I'll take your word for it. :)
Again, don't forget to let us know when you cover.
Rothchildish wrote: Oh boy. What university did you attend? I'll send the Dean a word. When you short you sell. So in your example my account would show -90K$ in X security. I'd buy back at 50K$. I'd make a 40K$ profit. I RISKED 90K$ to make that 40K$, i've made a return of 44%. Its pretty simple really. Just take your % of loss. That's my % of gains.
Touran77 wrote: Rothchildish wrote: I wouldnt boast a finance degree when you have no clue of how returns are calculated on shorts. It is quite sad. Lets make round numbers cause your ''university'' failed to provide you with the accurate information. I short 100K$ worth of shares at 1$. Im risking 100K$. I buy back at 0.50$ per share. I have made a profit of 50K$ out of my 100K$ that I have risked. I 50k$/100K$ = 50% return.
Touran77 wrote: Rothchildish wrote: I posted when it was at 0.94$. Now lets do some math cause you're a dumb dumb. You sell at 1.30$. You can buy back at 0.94$. Difference 0.36$. Now 0.36/1.30 = 27.69%.
Your calculation : 1.17 and 0.92. You sell at 1.17 and buy back at 0.92 = 0.25 difference. 0.25$/1.17$= 21.36%. Yikes. If anyone takes this Turdan dude seriously, please stop.
quote=Touran77]
Touran77 wrote: Rothchildish wrote: I did appreciate the price, started some new fresh short positions. A nice 27% return so far.
Phileagles11 wrote: a few cents a day. Will be back in the 80s soon. It would have been nice to sell on the spike but you really have to wonder, who the hell was interested in buying this POS @ $1.40 or @ $1.30 or @ $1.20 or @ $1.10?
So I guess you have not coverred yet, don't forget to tell us when you do? ;)
Current SP: 0.92$.
27% means you sold at 1.17$, I thought you started your short position at 1.30$? Oh well.
Like I said, don't forget to tell us when you cover? :)
Your profit is based on what you spent LOL.
In that case 0.92$.
1.17-0.92= 0.25$ / 0.92= 27% profit
You want to beat someone in math, try with someone who does not have a degree in finance.
I actually thought you were a good trader.
See below a little link for dumb dumb LOL. There is even a video for you my friend.
You sell for 90k and buy back at 50K.
You have made 40k profit on a 50k investment, which result in a gain of 40/50: 80%.
Get educated please.
All that said, don't forget to let us know when you covered right? :)
https://www.investopedia.com/ask/answers/how-do-you-calculate-percentage-gain-or-loss-investment/
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