Lets say you bought 100 xyz at $5 each at a total cost of $500. Afterwards you sold 50 xyZ for $10 each. netting you $500. The existing 50 xyz you still own is now free carry. I.e even if it goes to 0 the worst that can happen is you break even.
Ann: Bingo Market Update and FY19 Outlook, page-512
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