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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

going long  

Definition 1.

Buying an investment, mostly commonly referred to in the case of a stock. Same as taking a long position. opposite of going short.
 

Definition 2.

The investor's purchase of a security for investment or speculation that the price will rise resulting in a profit once the security is sold. See:: long position. Antithesis of going short.
 
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