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Largo/corto

English translation: long on Energy/short on Telcos


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:Largo Energía – Corto Telecos
English translation:long on Energy/short on Telcos
Entered by: Margarita Palatnik
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07:17 May 12, 2005
Spanish to English translations [PRO]
Bus/Financial - Finance (general) / Report on credit differentials and sectors.
Spanish term or phrase: Largo/corto
Report on credit differentials and sectors. Not sure what the largo and corto refer to. Would appreciate any help. TIA: Jason

En Valor Relativo Sectorial, cerramos el par Largo Energía – Corto Telecos.
Jason Willis-Lee
Local time: 08:37
long on Energy/short on Telcos
Explanation:
...

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Note added at 16 mins (2005-05-12 07:33:49 GMT)
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It means that they are betting Energy stock prices will rise and Telcos will fall, so they have actual bought positions in Energy, and are shorting Telcos, or selling borrowed telco stocks expecting to repay them cheaper by buying them when the price has come down.

[PDF] BPI Global Opportunities II Fund
... tailored portfolio consisting of active asset allocation among stocks, bonds
and cash, ... We are currently long on energy and basic materials and other ...
www.cifunds.com/web/pdf/688/688_q3_04_e.pdf

Prudential ICICI Tax Plan: Avoid fresh exposures
... The fund appears to be too long on telecom/media than on computer software.
The growth in the former may be not be attractive enough to sustain current ...
www.blonnet.com/iw/2000/08/27/stories/0427d012.htm - 9k - Cached - Similar pages

StockTalk: Terayon - S CDMA player (TERN) (#1533/1577)
... I should care what you think)? By the by, so sorry you reco\'d going long
on telecom stocks during the crash. tsk tsk tsk. Dan B. ...
www.siliconinvestor.com/ stocktalk/msg.gsp?msgid=19131602
Selected response from:

Margarita Palatnik
Local time: 03:37
Grading comment
Gracias de nuevo Margarita!
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +2long on Energy/short on TelcosMargarita Palatnik


  

Answers


11 mins   confidence: Answerer confidence 5/5 peer agreement (net): +2
long on Energy/short on Telcos


Explanation:
...

--------------------------------------------------
Note added at 16 mins (2005-05-12 07:33:49 GMT)
--------------------------------------------------

It means that they are betting Energy stock prices will rise and Telcos will fall, so they have actual bought positions in Energy, and are shorting Telcos, or selling borrowed telco stocks expecting to repay them cheaper by buying them when the price has come down.

[PDF] BPI Global Opportunities II Fund
... tailored portfolio consisting of active asset allocation among stocks, bonds
and cash, ... We are currently long on energy and basic materials and other ...
www.cifunds.com/web/pdf/688/688_q3_04_e.pdf

Prudential ICICI Tax Plan: Avoid fresh exposures
... The fund appears to be too long on telecom/media than on computer software.
The growth in the former may be not be attractive enough to sustain current ...
www.blonnet.com/iw/2000/08/27/stories/0427d012.htm - 9k - Cached - Similar pages

StockTalk: Terayon - S CDMA player (TERN) (#1533/1577)
... I should care what you think)? By the by, so sorry you reco\'d going long
on telecom stocks during the crash. tsk tsk tsk. Dan B. ...
www.siliconinvestor.com/ stocktalk/msg.gsp?msgid=19131602


Margarita Palatnik
Local time: 03:37
Specializes in field
Native speaker of: Native in SpanishSpanish
PRO pts in category: 607
Grading comment
Gracias de nuevo Margarita!

Peer comments on this answer (and responses from the answerer)
agree  moken: Sí. Aunque para el bien de Jason, destacaría que el texto dice que se cierra la posición - es decir que se abandona el posicionamiento largo-corto en estos sectores. :O) :O) :O)
20 mins
  -> Si, Álvaro, they are closing the long on Energy-short on Telcos pair.

agree  Egmont
8 hrs
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