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[di4]

Posted by: KarinCA Date: Saturday, May 10, 2008 8:52:11 PM
In reply to: Maldical who wrote msg# 47001 Post # of 58875
UHCR...Yes, anyone buying a stock in hopes of it going up is in a "long" position. When selling for a higher price the difference is the profit. You may be in a long term or a short term position.

The term was in existence well before the movie Wallstreet came out.

For those that may not know, a "short" position is one taken when borrowed shares of the stock are sold. You are betting the stock will go down and you can buy the stock back for a lower price while keeping the difference. You may be in a long term or a short term position.

And, you can be a flipper in either direction.

For practical purposes, most aren't able to short pennies. And, for those that are, shares are usually difficult to come by.

In response to:
***On a side note didn't the term "long" come from the movie Wallstreet? Basically what I got from it was a person going "long" was someone that was not shorting the stock. Since we don't short pennies aren't we all "longs". So flippers here are longs also. Am I wrong?***