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To flip is 2 transactions: Sell + short, or Buy + cover. {nm}

Posted by: edzep - Port Monkey! (a.k.a edzep) on May 09, 11:23 in response to BorderLand's post If you want to "flip" is it necessary to...

If you want to "flip" is it necessary to... BorderLand May 09, 11:19

You can own the max # of shares long and short if you so choose. You don't have to sell anything in order to short. {nm} BSmurf May 09, 11:22

yeah i know, but... BorderLand May 09, 11:23

you can short with whatever available cash you have and just hold onto your original position...not called a "flip" alfpaulytd2012 May 09, 11:27

i agree with your second point, just seeing some of the... BorderLand May 09, 11:32

"Flip" just means you REVERSE your postion, so if you were long 100K shares and decided to flip, you'd sell it and then short 100K. {nm} Dave3626 May 09, 11:48

As you can see from EdZep's post below which was here way before mine, but like a moron I forgot to read everything before I wrote. {nm} Dave3626 May 09, 11:50

To flip is 2 transactions: Sell + short, or Buy + cover. edzep - Port Monkey! May 09, 11:23

It takes about 0.14 seconds to complete the operation with PortMonkey, unless you need the cash, then wait for the UST Minute tick -more- arf May 09, 17:33

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