Messages posted in the past: Message: 1615 From: Rik Rasmussen Received: Thu Apr 29, 2004 11:58 PM Subject: RE: Re: another snag to keep in mind
I became weary of debating the gain on shorts long ago. But at one time I asked the developer to change the calculation to match the method I like to use and he did. Short at $12.00 Cover at $10.00 Gain = $2.00 Bought to cover at $10.00 Sold to short at $12.00 Gain = $2.00 Gain = gain/buy price = $2.00/$10.00 = 20% I know that others do not like looking at shorts this way. Perhaps in a future version of BC you will be able to select the short gain calculation method you prefer. Rik Rasmussen Best Charts Yahoo Group Moderator http://groups.yahoo.com/group/bestcharts/ > -----Original Message----- > From: jakobab [mailto:[EMAIL PROTECTED] > Sent: Thursday, April 29, 2004 11:20 PM > To: [EMAIL PROTECTED] > Subject: [bestcharts] Re: another snag to keep in mind > > > Rik - The percentage gain/loss should be based on the initial > investment, no? On shorts, BC calculates the percentage by dividing > the increment in price by the price at the close of the trade, not > the initial price. > > Example - A loosing short trade that goes from 10 to 12 yields a 20 > percent loss. Initial price = 10, now worth 2 dollars less. Bc > would say this is a 16.66 percent loss = 100*(2/12). > > It would be good if this is corrected some day. Hardly a big deal. > *********************** > > --- In [EMAIL PROTECTED], "Rik Rasmussen" <[EMAIL PROTECTED]> > wrote: > > The whole idea about how you calculate gain on a short sale is the > subject > > of much dispute. > > > > Rik Rasmussen > > Best Charts Yahoo Group Moderator > > http://groups.yahoo.com/group/bestcharts/ > > > > > -----Original Message----- > > > From: jakobab [mailto:[EMAIL PROTECTED] > > > Sent: Thursday, April 29, 2004 8:45 PM > > > To: [EMAIL PROTECTED] > > > Subject: [bestcharts] another snag to keep in mind > > > > > > > > > As reported 4-5 months ago, the calculation method used by BC for > > > reporting short sale profit/loss, grossly understates the > > > percentage. Try it. > ------------------------ Yahoo! Groups Sponsor --------------------~--> $9.95 domain names from Yahoo!. Register anything. http://us.click.yahoo.com/J8kdrA/y20IAA/yQLSAA/GHeqlB/TM --------------------------------------------------------------------~-> Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/bestcharts/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
