Replies to post #57 on Duluth Holdings (DLTH)

[bar1080]

I collect stock misinformation. Great example I just found that relates to shorting is this reddit post:

Q. "Have you ever shorted a stock that went bankrupt?"

A. "Not me, but a professor recently told me that one of the deans shorted RadioShack at a 50ish peak and now he's retiring for good."



Two huge problems with that story:
1) it hasn't been $50 for many years, perhaps 15.
2) If one shorted from $50 (or any price) to zero you'd only double your money and that might take 15 years.

Not so brilliant!

https://www.reddit.com/r/investing/comments/2um3yq/have_you_ever_shorted_a_stock_that_went_bankrupt/