Wednesday, July 05, 2023 11:20:39 PM
You have been reading too much nonsense on Reddit about GME.
I doubt you have ever shorted a stock - if so you would know that it isn't possible for the entire float to be shorted - because most of the stock is held in Cash accounts where you can't borrow the shares.
"2 hours ago 2023-07-06 00:56:54.186 450,000 (shares available to be shorted).
And comparing Mullen to GME isn't practical - GME was close to $25 so there was room to be shorted - it isn't economically feasible to short stocks below $2.50 - and Mullen is at $0.17.
And there isn't any naked shorting.
Read about your brokers margin maintenance and you will have a better understanding about why it isn't economically feasible to short a stock at $0.17.
IG
I doubt you have ever shorted a stock - if so you would know that it isn't possible for the entire float to be shorted - because most of the stock is held in Cash accounts where you can't borrow the shares.
"2 hours ago 2023-07-06 00:56:54.186 450,000 (shares available to be shorted).
And comparing Mullen to GME isn't practical - GME was close to $25 so there was room to be shorted - it isn't economically feasible to short stocks below $2.50 - and Mullen is at $0.17.
And there isn't any naked shorting.
Read about your brokers margin maintenance and you will have a better understanding about why it isn't economically feasible to short a stock at $0.17.
IG
"The Hour Between Dog and Wolf"
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