Rusty Shackleford 1
OP
FANCY PANTS
:
How do they make money if they have to buy it back at roughly the same price they shorted it at. I'm not the smartest when it comes to shorting, but I would have assumed their would be fees or something, but again, I don't really know a whole lot about it
FANCY PANTS
Rusty Shackleford 1
OP
:
It was having 50 cent to 1 dollar swings every 5 minutes yesterday. When you're a hedge fund shorting thousands of shares, that adds up to profit really quick.
FANCY PANTS : It's worth noting that just because it has high short volume doesn't mean all those shorts remained open that whole time.
Just like day traders/scalpers, they can open/close a position multiple times throughout the day.
Rusty Shackleford 1 OP FANCY PANTS : How do they make money if they have to buy it back at roughly the same price they shorted it at. I'm not the smartest when it comes to shorting, but I would have assumed their would be fees or something, but again, I don't really know a whole lot about it
FANCY PANTS Rusty Shackleford 1 OP : It was having 50 cent to 1 dollar swings every 5 minutes yesterday. When you're a hedge fund shorting thousands of shares, that adds up to profit really quick.
Rusty Shackleford 1 OP FANCY PANTS : So why doesn't everyone on this app join together to start a Hedge fund and all do that.
FANCY PANTS Rusty Shackleford 1 OP : If they really wanted to they could try, but we ain't rich, dawg.
Rusty Shackleford 1 OP FANCY PANTS : I bet there are almost 1 million people on this app we could figure it out
FANCY PANTS Rusty Shackleford 1 OP : Lmao, good luck with that.
Rusty Shackleford 1 OP FANCY PANTS : If they do it multiple times, it is called "washing"