SC will shortly be posting a long meditation on Google's recent business moves, including discussion of their stock price. Because your host is not a registered investment advisor, and disclaims responsibility for investment decisions made by readers of Semantic Compositions, the following text will be included at the end of the post, as well as with any future post making explicit reference to publicly traded companies in a financial context:
At the time of publication, SC was {long/short/net long/net short the company}. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. SC cannot provide investment advice or recommendations, and the preceding article shall not be construed as a solicitation for the purchase or sale of any mentioned security.
The text above is adapted from the disclaimer texts found in various research notes and TheStreet.com articles, and is included because I am wholly uninterested in taking on legal liability for other people's stock trades. Although there is no way that this blog has anything like the effect of a Jim Cramer or Alan Abelson column or TV appearance, adding a disclaimer like this is necessary in light of the sort of comments I'm going to make, because full disclosure is the journalistic and investment research standard.
Some definitions:
- Long: SC owns stocks or call options in the referenced securities.
- Short: SC has sold short the referenced equity, or owns put options.
- Net long: SC owns a combination of stock and/or option positions which are both long and short, but the balance of the position favors an increasing stock price.
- Net short: SC owns a combination of stock and/or option positions which are both long and short, but the balance of the position favors a decreasing stock price.
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