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If I read this correctly...

Posted by: eyescovered on Nov 20, 09:19 in response to CP7x77's post Is it ever advantageous to re-invest in something? Let me...

...then no, this doesn't work for longs.

if you short something at 20 and cover it at 15, then short it again you're only paying 15/share this time and you keep what you made on the short.

if you long something at 15 and sell it at 20, you're buying it back at 20 plus paying commission for selling and buying it back. so no benefit there.

does that make sense?

Is it ever advantageous to re-invest in something? Let me explain CP7x77 Nov 20, 08:59

If I read this correctly... eyescovered Nov 20, 09:19

This is my take too. Covering and re-shorting shorts is fine, if you want to free up cash and don't mind paying commission. RogerMore Nov 20, 10:17

This is quite inaccurate. First of, selling from a long while it's sinking, typically helps on your daily profit, Secondly, the cash you Facto Nov 20, 10:37

But that's not what he's asking. He is asking whether selling a stock, banking the profits and rebuying the stock immediately is a good idea {nm} RogerMore Nov 20, 13:54

I don't think re-investing pays off... lapuckfan Nov 20, 09:54

The advantage would be to shelter in case the price goes up. {nm} CP7x77 Nov 20, 10:37

Here's my take Lib84 Nov 20, 10:37

I would agree, but if you make more than enough to cover the commission and still pull profit, it's still good for shorts, but... CP7x77 Nov 20, 14:23

Sure, look at a movie like Bruno it was easy to take the profits from the short and then reshort from all the bad numbers. damenchipguy Nov 20, 14:28

Seriously, 2012 will never go anywhere near that low... You still have some work to do before you are fully seasoned, it seems :-)) {nm} Facto Nov 20, 22:14

Got that right I am dumping at 140, holding way better than I thought. It looks like lack of DC instead of quality of movie {nm} damenchipguy Nov 21, 14:41

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