Derivatives - Simple Q need confirmation.

Page 49 of derivatives (question 8a). I got all the numbers and stuff correct but it also asks Should the investor Long or Short the forward contract to hedge risk exposure. Can somebody explain why it is Short?

I have an idea but dont want my answer to lead another to the same conclusion reading my solution. I might be way off.

He should short it so that if market moves down he will get money, this way he closes down his position, but if market moves up he losses, its as godo as doing the transsation today.