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Here's the thing about shorts: you can take your lumps at any time.
If you $X is at $100 and you short it, when it goes to $120 you can buy your way out at a $20 loss.
If you ignore than, and it goes to $140, you can STILL get out, you just have to pay $40.
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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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End of conversation
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We’ll learn soon if they ACTUALLY need to play by the rules, or if this is Calvinball.
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If it’s anything other than Calvinball in the end, I will be pleasantly shocked.
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They're still shorting. They cover their position, then short the fucker again.
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The idea that a big boy hedge fund didn't have have, wait for it, a hedge that would limit its losses in case something crazy happened is not believable. There's no way these guys have a purely naked short. No way they were down 30% or 40% and said, eh let's ride it out
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