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Wednesday, February 21, 2018 1:14:28 AM
When you short you are borrowing shares from someone who owns a stake in that company. The original owner may ask for their shares back at any time. This is can cause what is known as a ”buy-in” and can happen anytime from a few days up to 2 weeks. A broker may issue a ”buy-in” if you’re in a massive losing position without warning. Essentially you have little or no control over what happens, as the broker will buy back the shares at the current market price. This can cause short squeezes which increases the share price artificially. CYNK is an example of a crazy short squeeze in action. Back in 2014, CYNK Technology Corp, a worthless “social media” company surged from 0.06 to $22 (36,000% gain) before finally being halted by the SEC. At one point this one man run business had an insane market cap of $6 billion when it was really worth $20. In hindsight, the accident was caused by a hedge fund trader.
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