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The author just inadvertently left out the word "on" as in "we are long on software", or "long on gold", "long on the euro", etc. It's typical phrasing that de
by jasode 11y ago
The author just inadvertently left out the word "on" as in "we are long on software", or "long on gold", "long on the euro", etc. It's typical phrasing that describes a long-term bet on something going up in value.
- elsewhen 11y agosaying phrases like "i am long gold" or "i am short oil" (without the "on") are commonplace in investor circles.
- harryc2011 11y agoFWIW, the duration has nothing to do with it - you could be 'long APPL' etc. for only a few minutes (or even seconds, microseconds etc.) - see [0] An alternative phrasing here might be "We are bearish on software" [1] [0]https://en.wikipedia.org/wiki/Long_(finance) https://en.wikipedia.org/wiki/Long_(finance) [1]https://en.wikipedia.org/wiki/Market_sentiment https://en.wikipedia.org/wiki/Market_sentiment