Seadrill Ltd (SDRL)

[andrius]

so what that its a naked short. Doubtful they'll bust that trade as those shares were likely traded back and forth by many other day traders and investors at this point. They'll just likely force cover him and give him a massive margin call as he didn't have enough $ to cover the trade. But he'll likely get to keep the gains.

I was in a weird play maybe 15 years back where dilutor sold shares after massive reverse split but before a forward split. Think there was 11 total shares and he sold 100,000s. After forward split think I had $2.4M position and sold like 30k worth and everyone on message boards were screaming sellers will be force covered leading to massive short squeeze. Got scared and didn't sell anymore as was afraid to lose money I had. Had I not had much net worth would have sold all and hoped for the best. Worst case end up bk but if you had no $ to begin with worth the risk given possible gains. Few days later trading was halted and never resumed. My account was frozen for a bit but eventually my sells stood, got to keep the 30k. There was a guy that had just a few k $s and post split ended up with 1.5 million position that he sold and got to keep his money.