Go long
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Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Go long.
When you go long, you buy a security or other financial product that you intend to hold for a period of time or one that you expect to increase in value so that you can sell it at a profit.
For example, if you're buying and selling options or futures contracts, you go long when you enter a contract to buy the underlying instrument. In the case of stock, you go long when you buy shares to hold in your portfolio, at least for the next term.
Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.