LogFAQs > #980425896

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Topic	CNN: How bad bets on meme stocks led to a $1 billion wipeout
Tmaster148 05/16/24 5:48:13 PM #14:	wanderingshade posted... Stocks even allowing shorts is a stupid ass idea. How are you increasing your net worth by trading stocks and going "I bet this shit goes DOWN in value"? You borrow stocks to sell with a promise to return them later. You then sell the borrowed stocks and buy them back when you need to return. --- http://i.imgur.com/BBcZDLJ.png <cite>Tmaster148 posted [p:980425896] in CNN: How b... [t:80770524]...</cite> <quote>wanderingshade posted... </cite><quote>Stocks even allowing shorts is a stupid ass idea. How are you increasing your net worth by trading stocks and going "I bet this shit goes DOWN in value"?</quote>You borrow stocks to sell with a promise to return them later. You then sell the borrowed stocks and buy them back when you need to return. --- http://i.imgur.com/BBcZDLJ.png</quote> ... Copied to Clipboard!
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