When you short a stock you "borrow" shares, then immediately sell them, on the condition you will buy back the shares at the agreed date. It's not as nefarious as you think.. and it certainly did not "nearly destroy Tesla". It's just betting against a stock price basically.
I understand what borrowing a stock is. However these criminal fucks manipulate markets in order to hedge their bets, and profit everytime.
In other words borrowing stock is supposed to be a gamble, but the way its used by these loathsome dirt bags is anything but gambling.
That is what makes this so sweet, after so many businesses, pension funds, and 401ks for a quick buck using this tactic, these firms are getting fucked. There will be investor fags from here on out watching to see shit heads when they try to short another stock, and the process will repeat.
It's not though. It's costing them billions. And it's not just game stop, investor-fags are attacking every one of wall streets short sell targets.
More importantly it is showing America a giant glaring hole used to destroy businesses. Shit, these fuckers almost destroyed tesla doing this.
When you short a stock you "borrow" shares, then immediately sell them, on the condition you will buy back the shares at the agreed date. It's not as nefarious as you think.. and it certainly did not "nearly destroy Tesla". It's just betting against a stock price basically.
I understand what borrowing a stock is. However these criminal fucks manipulate markets in order to hedge their bets, and profit everytime.
In other words borrowing stock is supposed to be a gamble, but the way its used by these loathsome dirt bags is anything but gambling.
That is what makes this so sweet, after so many businesses, pension funds, and 401ks for a quick buck using this tactic, these firms are getting fucked. There will be investor fags from here on out watching to see shit heads when they try to short another stock, and the process will repeat.
Hell it's starting with AMC to right now.
These criminal fucks have after hour access you and I dont. They trade whenever. We trade between the bells.