Re: Short sales at Scottrade

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In Reply to: Re: Short sales at Scottrade posted by Keith on September 29, 2005 at 14:44:23:

: : : Mark --
: : : That worked for me. However, I am a bit curious how things would work out if I had two short sales of two different stocks which overlapped it time. I haven't had this sittuation yet so don't quite know how to test. Guess I could make up some 'fake' trades in .csv format?

: : : As always, thank you so much for your rapid response.
: : : -- Keith

: : Hi Keith,

: : What is it about this situation that you're wondering about? You would just have 2 different investments, and they each have their own independent transactions. When a short position is opened it is recorded as a sell, and when it is closed, it is recorded as a buy. The two are separate, and shouldn't affect each other? I somehow suspect I've missed your question...?

: : Thanks,
: : Mark
: : --
: : Mark Beiley
: : Fund Manager, portfolio management software for Windows 95/98/ME/NT/00/XP/2003
: :

: Mark --
: If the stocks have no name, how does FM match up a buy with the correct sell?
: -- Keith

Hi Keith,

When doing the internet retrieve of transactions, Fund Manager will match first on CUSIP, second on Symbol, and lastly on Name. It moves from one field to the next if the higher priority field is empty. The OFX server will always provide a CUSIP, but only sometimes a symbol and name. If you created an investment by doing the retrieve in the first place, it will fill in whatever fields were provided by the retrieve, so even if the name was left empty, you should have the CUSIP, and possibly the symbol. Check on the "General" tab of the "Investment Properties..." dialog.

Thanks,
Mark
--
Mark Beiley
Fund Manager, portfolio management software for Windows 95/98/ME/NT/00/XP/2003

Replies:

• Re: Short sales at Scottrade Keith 16:33:19 09/29/05 (0)