2/ This isn't about a hedge fund that made ONE bad decision. Every day - every hour - that they refused to cover their shorts and eat a bowl of turds was a unique and distinct decision point I think hedge funds are great. I'm glad they exist But they need to play by the rules
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3/ I've shorted a stock and seen the market move against me. ...and I've stared at it, and made my decision. ...and then an hour later, I made another decision. I FL capitalism, but I'm having more and more problems with Capitalism™.
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4/ Capitalism™, exhibit Ahttps://twitter.com/charliespiering/status/1354880524796485641 …
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They could be out of this and done just by taking the L. A big L, granted, but saves them from future embarassment. But their whole life has been spent never having to take Ls, why would they start now?
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I think it depends. I haven't used it on my own account in years, but I believe the big commercial retail brokerages that allow you to short sell (& do options trading) treat the short sale as a margin account - if your losses get too great, you'll get a margin call.
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And thus you'll be forced to buy back at whatever the current strike price is.
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