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Joe Craig
Ellicott City, MD
StockCentral Administrator
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| 01/17/2008 8:43 PM |
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With the drop in the price of Apple's shares from nearly $200 in late December to nearly $160 today, Mark Robertson is closing out his short position at today's closing price: $160.89. |
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Joe |
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Danny Matthews
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| 01/18/2008 10:51 AM |
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what's that mean |
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Danny Matthews
Tuscola IL |
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Joe Craig
Ellicott City, MD
StockCentral Administrator
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| 01/18/2008 11:04 AM |
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If you recall, Mark sold 20 shares of Apple that he didn't own. So, he owes 20 shares. He's now purchased 20 shares, so he now owns no shares of Apple. Since he purchased the shares at a greater cost than he sold them, he's now "realized" a loss.
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Joe |
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