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Stock Question

posted 2 years ago by Windows8866 2 years ago by Windows8866 +16 / -0

I know you guys aren’t financial advisors, but the husband is doing something I don’t understand. He’s planning on buying Disney stock so that when it tanks he’ll profit. The rest of our money is in DWAC, 1000 shares. Is what he doing safe?

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– g8rb81 2 points 2 years ago +2 / -0

To make a profit he needs to sell it before he buys it. It's called short selling. He can cover when the stock drops by buying it at the lower price.

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