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Best Buy Co., Inc. Message Board

  • winthorpelouisiii winthorpelouisiii Jul 7, 2013 11:43 AM Flag

    Do longs realize shorts do not just hold a position and wait

    for the price to go down?

    They probably held from $40 to $12 and feel like they are making money now.

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    • Based on all the upgrades I would guess shares will continue higher but at some point earnings actually have to be earnings and grow at the same time. I only trade it both ways but your statement probably applies to about 1000 people nationwide.

    • By listening to the longs, one would think that they believe shorts sell and just wait. It's not like that at all, it's quick in and out on the swings, and there are lots of them. Unlike investing in a long position, a short is ready at all times to pull the trigger to save a profit or avoid any loss. If you are not near your PC, you don't sell short, unless you like playing russian roulette.

      • 1 Reply to telecaster1957fender
      • edimartino Jul 7, 2013 12:42 PM Flag

        Telecaster the naive longs on this board think they have all the shorts burned. They need to get out of this revenge mindset. The shorts make money because they have lot's of other peoples money and a gov that does not give a parc about the retail investor. My hope is the shorts go long and this parc ends. That will not happern but on the flip side try getting 30 or 40k in shares back once yoy have sold them with an MM accumulating shares for the big boys. Just my take.

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