When is a stock cheap enough to buy and hold without a short sale as a hedge?
什么时候一只股票足够便宜才值得购买并在没有套期卖空风险对冲的情况下持有它?
In a short sale, investors borrow shares and sell them, hoping the stock will fall and they can buy it back at a lower price.
在卖空交易中,投资者借入股票并卖出,待股价下跌后再以更低的价格买进。
The rule prevented traders from initiating a short sale unless the price of a stock in its most recent trade was higher than the previous price.
这个规则就是,只有在股票最近的一次报价高于前一次报价的时候,交易者才允许做空。
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