What happen to this stock ? Is it a good time to buy long or short ? KLSE: PBBANK (1295) . It is one of the top banks in the region.?
- Anonymous10 months agoFavourite answer
Buying "long" and selling "short" goes back to Coal. Buying long tons (2,240#) and selling short tons (2000#) gives an immediate profit
Stock Market is a legal Gambling.
You bet the price will go up, and you can sell for a price that covers the brokers fees, capital gains taxes, and gives a reasonable profit that is higher than keeping the money in another account to earn mere interest.