Replies to post #305988 on Bioelectronics Corp (BIEL)

[Mr Positive]

Here's an answer to your question. We don't all think this is going to increase 100x - 400x. Let's use me as an example. I own over 10 million shares and my average buy price was about .0005, there you go, why the hell should I buy more. I bought this when it went really low a few years ago, when many were dumping the stock. Hey I don't own that many shares, but you know what, if it works out great, if it doesn't, oh well. This cost me what a cheap vacation would cost. This is not my retirement fund, I don't have all my eggs in one basket. This is just play money. This is why I don't trash this stock, this isn't my hail Mary.

[JNdouble1]

I think I am starting to understand the problem.

[Second] TRUE longs are just that in the sense that long, by definition means they already have their shares.

The implication here is that "longs" don't add to their position.

This is a fundamental misunderstanding of the nature of investing. Let me help.

Having a “long” position in a security means that you own the security. Investors maintain “long” security positions in the expectation that the stock will rise in value in the future. The opposite of a “long” position is a “short” position.

https://www.investor.gov/introduction-investing/investing-basics/how-stock-markets-work/stock-purchases-and-sales-long-and#

Longs buy (and sell) stock positions routinely. The terms "long" and "short" with respect to investing should not be thought of in a temporal sense. There is not really such a thing as a "true" long, or a "false" long. You either own the stock, or you don't.

Investors who take long position can add to that position all they like. "Averaging down" is a strategy you here about frequently on stock forums. This of course requires a long to buy more shares in an attempt to reduce his cost basis (the average cost per share of his position).

Having accumulated all the shares that one wants or can afford to own is a position an investor can find themselves in, but that isn't a requirement of being a "long".

I myself own a few million shares, and fully expect to sell them for a profit. I am therefore a long, a "true" long if you like.