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Author: jbking Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 264948  
Subject: Re: Really dumb question Date: 12/10/2005 12:16 PM
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Greetings,

Position??

There is a few different contextual answers to this:

1) Long, short or neutral. To put this into a question: Do you own shares in the stock, shorted the stock or have no interest in the stock?

2) What % of your portfolio is in the stock? This is another interpretation.

3) What is your cost basis in the stock? For some this may be just a few bucks a share and others may have much higher basis from which to determine their investment return.

I'm certain if I looked harder, I'd find the answer, but hey, you guys are here right?

There are possibly many answers though. You may need to give more context for the question. Just like the question of "What is a set?" which has many different definitions from a group of something to part of a tennis match to upsetting favored teams in a game to a few other meanings that "a set" could mean.

I have $10K in stocks, 3K in Intel. What is my position in Intel?

1) Long on Intel.

2) 30% in Intel.

3) No mention of what you bought the shares for to determine what basis you have for the stock or when you bought the shares to determine which level of taxing this could get.

I'm guessing 30%, but I've seen Forrest Gump enough times to know that "Stupid is as stupid does". Quick answers score extra points!

How about a comprehensive answer?

Regards,
JB
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