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Thursday, November 09, 2017 9:51:16 AM
The more savvy folks know how to time a good short and a good hold. I’ve never shorted something, but I? understand it works well when you have a safe bet that a stock will drop. Say you saw the news article that SNAP lost millions on some silly camera glasses they made, then you may be inclined to short that stock.
Likewise, when USRM announced they were suspending the pursuit of RMAT, someone deciding to short from .17 to .02 stood to make a lot of money. It’s all a risk, because you would also be betting the company wouldn’t recover quickly.
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