Originally Posted by fishdontbiteit
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.