Stock short sell coverage incorrect recording

Posted by DrB on July 1, 2006, 10:57 am

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I have at least 10 transactions per day to accept in Quick 2005 deluxe.
Recently I noticed that the stock cover short sells are recording as buys so
I have to edit them to change to covering shorts. Can this be corrected?

In editing them I notice that when specifying lots there are some old ones
able which should not be. How do I correct this without going through
hundreds of transactions?

Thank you for your help.

Posted by danbrown on July 2, 2006, 1:26 pm

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DrB wrote:

> I have at least 10 transactions per day to accept in Quick 2005 deluxe.

> Recently I noticed that the stock cover short sells are recording as buys so

> I have to edit them to change to covering shorts. Can this be corrected?

I suspect that a "buy" transaction is what your broker is sending
rather than a "cover short". You can save the downloaded transaction
file and examine it with Notepad/Wordpad to verifiy. If this is the
case, there's not much that you can do other than continuing to edit.

> In editing them I notice that when specifying lots there are some old ones

> able which should not be. How do I correct this without going through

> hundreds of transactions?

It's been a while since I've dealt with this ... but it sounds like Q
is using LIFO logic to select lots while you'd prefer specific lot.
Other than going back and editting the old txn to select the old lot,
there's really nothing you can do.

db