March Big Board Contest Winner is Kevin211! WOOT! - Page 9

Stats show that I bought PMCS at $5.00
Now its up to $5.48

Why is it showing on the stats that im -.48 (red) instead of being possitive .48 (green)?

Because you were short

ohh... i thought short meant I could close anytime I wanted... but when I read the rules on how to play I couldn't find them on what exactly long and short meant... oh well.

im ready to close both mine. or i will take last place before this is done.

yes... or better yet to save me from embarrassment... could you please remove me from the contest and maybe I will play next month.

Nothing embarrassing about it. just keep your plays open and see how they play out. You might have good days for short plays on both of your picks. Just pay attention to the ROI boxes, and if and when they turn green, decide then if you want to close them or not. Just because you weren't clear on what "short" and "long" meant doesn't necessarily mean you're gonna come in last place.

So, just to clear it up. When you go "long" on a stock, it simply means that you are buying the stock straight out and betting that the price will go higher (unless you're playing options in which they'd be "calls", but let's not confuse you anymore).

When you go "short" on a stock, it means that you borrowed the stocks when you thought they were valued too high and you're betting that the price will go down. At some point you buy the stocks back at the cheaper price than what you borrowed them at, return the stocks back to the original owner and essentially pocket the difference. Unless you're playing options in which case these would be "puts", but again not too confuse you anymore.

So, to reiterate, going "long" means you want the stock price to go higher than what they are currently valued at. Going "short" means you want the stock price to go lower than what they are currently valued at.

Good luck!

Boy! Today's chart is gonna be interesting!

Yeah, you are crushing but it looks like a few others are as well...

thats true... close um up... lol

close my Aeb

I was so tempted to close both of mine but they made late day rallies, not a lot, but enough to make me feel they have a little further to drop in the coming days.

The shorts are definitely killing it right now. I have to think some of these stocks will rebound before the end of the month so I would not hesitate to close my short positions in the next week or two.

No doubt. Some of these stocks are finding their bottom. Not all of them, by any means...but every day some stock somewhere is hitting rock bottom and will gradually make it's way back up..

Well...I guess that's a little too general. That could be said about any given day in any type of market environment. But you know what I mean.

I was thinking the same thing today as well about my one short stock. But decided to ride it out a few more days.

Now, Mr. Simon. If I'm looking at PM and I'm sensing a gap down, can I ask for my positions to be closed before the market opens and get the opening price?

Hitman's stock (CBRL) is labled as short but he's getting a ROI as if it were long.