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Long just means "not short", and not that they think GME is currently at a reasonable price. No rational actor in this situation believes that.

• sushid 6y ago
  Long means that they're holding shares or call options. Not sure why you're redefining a well-known term on the parent commenter's behalf.
  • seabird 6y ago
    I haven't redefined anything; your definition of "long means that they're holding shares or call options" is completely in agreement with my statement that "long just means not short." The parent seems to be conflating having a long position and believing in the long-term performance of the company. They're asking about long-term changes in GameStop's business when the person he's asking about this could very well be planning on being long in GME for the duration of this squeeze (or the most extreme parts of it) and bailing in the next 1-4 weeks after it has played out.
    • sokoloff 6y ago
      Long doesn't "just mean not short". There are 500 symbols in the S&P 500 that I'm "not short". I'm also "not long" 500 of those same symbols.
      • seabird 6y ago
        That's true, but I think it's a very fair assumption that the parent of my initial comment realizes that the grandparent has a position, considering that they're asking why they took that position.
        • woah 6y ago
          You are correct