FWIW, 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 alternativ

FWIW, 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