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Alias Born 08/28/2023

Re: None

Tuesday, 10/03/2023 8:34:20 PM

Tuesday, October 03, 2023 8:34:20 PM

Post# of 9841
I think the apes may have the last laugh here. When you short a stock, you borrow and sell shares from your broker. So you get the cash immediately upon selling the borrowed shares, but you usually would be obligated to return the shares you borrowed at some point. That means you would need to buy back the shares at some point. If the value of the shares declines, you can buy back for less than you previously sold – so you will have made a profit. If the shares become worthless, you won't need to buy back the shares, and the short-seller makes a 100% profit. Sooooo, the apes that were irrationally buying all of those soon-to-be worthless shares created the market to sell all of those borrowed shares.

If I were a crazy conspiracy theorist, I would suspect the people posting all of the crazy stuff about BBBYQ shares retaining value or even morphing into something new and valuable were the ones shorting.

But, back to my original thought, I worry that those wagyu steaks, Pappy Van Winkle, and Cohibas will harm the shorties' health.

Wise up or go broke, apes.
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