Billions has arrived and it seems that the relationships will be the most important issues on the show. Therefore it probably is not necessary to be able to understand what Bobby is saying when he is talking about Lumetherm, Electric Sol and Southern Wind or what he says when speaking to the reporter about Arcadian Railroad.
However, generally speaking people do not like it when they do not understand something. In fact we don’t like not understanding which is why we have added a Glossary to the blog with definitions for words that we hear on the show and make us go ‘what?’ We invite you all to let us know if there is a word or words you have heard which we haven’t added yet.
A big thank you to Lady Trader who took the time to look this over and ensure we have it down right.
There are two terms which seem particularly important to understand. They are both mentioned during the pilot and no doubt will be important moving forward.
They are “stay long” meaning long position and “go short” meaning short position. Bobby tells Danzig to ‘go short’ on Lumetherm. Bill later advises that they should ‘go short’ on another stock (Superior Auto) as well. So what does this mean exactly?
Long or ‘long position’ is where you expect the value of stock to rise. You buy this stock and own it.
Short or ‘short position’ is where you expect the value of stock to fall. You borrow this stock rather than own it. You then sell it. However, you must later buy the stock back.
