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Re: Whitebread15 post# 1326

Thursday, 06/11/2020 7:09:52 AM

Thursday, June 11, 2020 7:09:52 AM

Post# of 3543
To profit from shorting you have to buy back the number of shares shorted....in your example, you would short 50,000/4 = 12,500 shares....in your account you would see a holding of -12,500 HTZ shares....when the price drops to $1, you should cover you shorts by buying back the stock for 12,500*1 = $12,500..

Your profit is 50,000 - 12,500 = $37,500

I hope this makes you understand the short strategy
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