this post was submitted on 27 Jun 2023
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[–] BioDriver@lemmy.world 8 points 1 year ago (3 children)

Just let it burn down at this point. Shorting this stock is going to be easy easy money

[–] BioDriver@lemmy.world 8 points 1 year ago (2 children)

I am not a broker, this is not financial advice, don’t sue me if this doesn’t work, etc

[–] Lifecoach5000@lemmy.world 4 points 1 year ago

Was thinking the same thing earlier.

[–] rDrDr@lemmy.world 0 points 1 year ago (1 children)

But basically, you're guaranteed to double your money. You literally can't lose.

[–] graphite@lemmy.world 0 points 1 year ago

Yeah, no it literally can't go tits up can it?

[–] cacheson@kbin.social 4 points 1 year ago (1 children)

Remember kids, "the market can remain irrational longer than you can remain solvent".

[–] ivanafterall@kbin.social 3 points 1 year ago (1 children)

Counter-point: just do it, pussy, you'll be fiiiiine!

[–] cacheson@kbin.social 2 points 1 year ago

r/wallstreetbets has entered the fediverse

[–] Neato@kbin.social 0 points 1 year ago (1 children)
[–] Duckman@lemmy.world 2 points 1 year ago

If you’re a mere mortal you have to wait for your broker to have a sufficient number of shares available for shorting. If you’re a giant hedge fund or other financial entity with a blatant disregard for the rules, then sure. You just short the stocks naked and issue a failure to deliver if you can’t locate enough shares to cover.