Thursday, May 27, 2021 10:36:35 AM
$12/$3= 4
4x100% = 400% gain.
2] If you don't believe in naked shorting you need to pay better attention to current events (look at what's happening with the meme stocks). Naked shorting can be hidden so long as the positions are covered before reporting deadlines- but that's just one way of getting around reporting requirements. Creating shells that purchase your naked shorts which resets your deadlines, and shorting your own shells... There have been plenty of ways to hide nefarious activity. Plenty of loopholes that are starting to be closed because of current events.
3] This company could certainly stand to do a bit more (or any amount of) looking before leaping. So many good ideas ruined by rushing into the wrong deals.
The Bullshit Asymmetry Principle: Brandolini's Law:
THE AMOUNT OF ENERGY REQUIRED TO REFUTE BULLSHIT IS AN ORDER OF MAGNITUDE GREATER THAN THE ENERGY NEEDED TO PRODUCE IT.
[chart]investor
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