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TeachMeFinance.com - explain Open position historic definition...
Open position -- London Stock Exchange term for the
amount of stock that has been bought for the rise or sold for
the fall by speculators. For instance, if it is said that there is
a large bull position open in consols or in the consol market
it is meant that speculators have bought consols heavily in expectation
of a rise in their price. An open position is closed
when the bull resells or the bear repurchases, thus liquidating
his commitments.
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