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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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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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ⓘ Dogs don't have thumbs Retweeted Charlie Spiering
4/ Capitalism™, exhibit Ahttps://twitter.com/charliespiering/status/1354880524796485641 …
ⓘ Dogs don't have thumbs added,
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