2006-08-02 03:20:42 · 4 answers · asked by Dizzoo 1 in Business & Finance ➔ Investing
It means it's time to celebrate and throw a party.
You made money. What do "you" mean?
2006-08-02 03:33:51 · answer #1 · answered by dredude52 6 · 0⤊ 0⤋
The other answers are correct except they don't give you an example...Here it is...You bought 500 XYZ at a cost of $20 per share (I'll keep it simple...no margin interest...and no commissions) = $10000...You sold the XYZ later for $30 per share for proceeds of $15000...Your gross closing gain $5000...Congrats you made money on your transaction...NOW PONY UP YOUR CAP GAIN TAX, lol!!! PEACE
2006-08-02 14:26:56 · answer #2 · answered by thebigm57 7 · 0⤊ 0⤋
a "position" is simply a stock holding. When you "close" a position, you sell your shares; "for a gain" = at a price higher than you paid.
2006-08-02 17:17:00 · answer #3 · answered by Yardbird 5 · 0⤊ 0⤋
Your position has been liquidated profitably
2006-08-02 10:32:31 · answer #4 · answered by The Time 2 · 0⤊ 0⤋