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Buy Long-to buy a stock, option or future contract.
Sell Short- to sell without previously owning it. Usually it is borrowed by the broker from another client that owns it. You are obligated to buy it later and the broker then replaces it where he borrowed it from.
Sell Long is to sell a position you have taken in the past.
Cover a short is to purchase the unit that you had sold in the past via a sell short.
I think the terms enter and close are the entry and exit of a short or long position. Hope this helps.
John Sellers
Torrance, CA
USA
-----Original Message-----
From: Christer Lindstedt [SMTP:chris.linn@xxxxx]
Sent: Monday, July 06, 1998 4:14 AM
To: metastock@xxxxxxxxxxxxx
Subject: SV: Stock Terms
Great you asked this question! I have written to Equis and asked them to include this in theis manual.
I have gained some knowledge about the subject but too little to answere your question.
In Sweden where I live to most people "long" would mean to buy something in a "long perspective" and "short" would mean to buy something in a "short perspective". And this is NOT the right answer!
So a proper definition is badly needed outside the States (I heard that in USA everybody understands the meaning of all this??)!
Chris Lindstedt
As an investment newcomer I would like help from you experts on the
meaning of the following terms:
Enter Long
Enter Short
Close Long
Close Short
Sell Short
Thanks
Geodie
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