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doubleeagle

08/05/18 4:59 PM

#81594 RE: MMPRuser #81579

Works like this. Fidelity charges around 12% to loan out shares and they need to get shares from someone so they look for a qualified customer and offer you 8.5% or what ever the current rate is. They make the difference. I can sell my stock any day I want it’s allback office automated transactions. Account gets credited daily and pay you cash once a month. And yes I can buy any stock I want. So basically shorts are buying me free shares as I will be reinvesting those dollars in canopy. I have a new love for shorts. And to think they need 12% just to break even :)