HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
Here's another way to think of shorting and covering, instead of the borrowed-shares way it's done in the Real World ...
For HSX purposes, you can think of your stock/bond/fund/derivative holdings as being accompanied by a little arrow that says whether the value of your holding moves in the same direction as the price, or the opposite direction.
When you BUY stocks/bonds/funds/derivatives, you get a little "UP-value" arrow. This means that when the stock/bond/fund/derivative's price goes UP then the value, to you, of holding that stock/bond/fund/derivative goes UP. When the price goes DOWN, your value also goes DOWN.
SELL is, as others said, just converting your BOUGHT shares back into cash.
When you SHORT stocks/bonds/funds/derivatives, you get a little "DOWN-value" or "OPPOSITE-value" arrow. This means that when the stock/bond/fund/derivative's price goes UP then the value, to you, of holding that stock/bond/fund/derivative goes DOWN (value goes opposite direction from the price movement). When the price goes DOWN, your value goes UP (value goes opposite direction from the price movement).
COVER is, as others said, just converting your SHORTED shares back into cash.
Covering Aug 01, 18:11
There are three types of ways to use your H$$$: Buy, Sell, Short & Cover. Aug 01, 18:15
Darn enter key: Aug 01, 18:19
And I can't count either...four ways...how on earth do I do well at this game, I'll never know. =O {nm} Aug 01, 18:20
sure, covering is closing out a short position, just as selling is closing a long position Aug 01, 23:33
Here's another way to think of shorting and covering, instead of the borrowed-shares way it's done in the Real World ... Aug 06, 13:04