It's funny right?
About two weeks ago I discussed some peculiarly risky trades occurring.
I discussed, here, how these risky trades would play out:
We all know that if there is a market, anything can be shorted.
It had appeared to me that SFOR was seeing some very risky trades and I said something along the lines of "if you want to short SFOR, knock yourself out...but if you wake up to a press release or a stock that's moving against your trade, you could very likely get force liquidated by the afternoon of at the very least see a gnarly margin call".
That's what's happening...
And here's the best part:
It isn't even close to over.
SFOR's rise has been epic and I love it...but it's been at a tempo where traders can put more into their margin call each day and hope it's better tomorrow.
As you read this, there are shorts that are staring at their screen and looking at the "mini wolf of Wall Street" saying "what's wrong" and he's hanging them out to dry.
It's hilarious.
A whole lot of rookie shorts are about to see what the real meaning of "unlimited losses" means.
Insert smiley face here
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