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Sunday, December 12, 2021 7:54:27 PM
So your example of short at $15 cover at $3 so you reversed quadrupled your money doesn’t work here. The stock didn’t go FROM 3 to 15, it’s the other way around so in the shorting world the % gain in your example is 12/15 ie 80% gain.
Just google “max gain on a short “ and you will see the max is 100%
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