"how long is long... I can almost guarantee pikes idea of long wouldn't match your concept of long."
I'm not convinced by your question that you read my post, but:
To me, a long position is one that is purchased with the expectation that the company and its share price will grow commensurately over time. It is any position that is not made with immediate price adjustment as its priority. I have purchased companies that were bought based on what I perceived to be a depressed price relative to value, only to be surprised by the market reaching the same conclusion at the same time, resulting in the pps getting to the point where I no longer felt it was a value in short order.......so I sold it, but I bought it as a "long" position. Alternatively, I'm holding shares of MCD, JNJ, MO and others for half a dozen years or more.
So, I don't establish a long position in a stock with any pre-conceived notion as to holding period. It took a long time for me to realize that there's a benefit to making one simple decision: Are you a trader or an investor? I don't know anyone who is good at both.
And, while you seem to feel you possess some clairvoyance regarding Pike's "idea of long", I don't claim such powers. Just what is "pikes idea of long"? I can't be the only one that wants to know.
