Fidelity actually CALLED me to tell me about the share loan process. When I asked what they would be used for, the broker mentioned that they can be used to short stonks. I said I don't think I would want to DO that . . . he said the return to me, based on my holdings, would be over $10K per month. I made that back almost 3 times over the past 2 days . . . NO THANK YOU!~
I'm glad to see this article, as it confirms my novice view of what is happening.
Fidelity actually CALLED me to tell me about the share loan process. When I asked what they would be used for, the broker mentioned that they can be used to short stonks. I said I don't think I would want to DO that . . . he said the return to me, based on my holdings, would be over $10K per month. I made that back almost 3 times over the past 2 days . . . NO THANK YOU!~
I'm glad to see this article, as it confirms my novice view of what is happening.
TO THE MOON! Screw the shortists