The whole idea of short selling is wild and feels like it should be illegal, so I’m totally OK with informing people how to prevent what they see of as an investment from getting loaned to people who are only trying to devalue that investment.
However, it is funny coming from a guy who has probably done more shortselling in the last hour than most people will do in their lifetimes. It’s also scummy to recommend paying to use a holding company he probably owns or gets kickbacks from.
The whole stock market is gambling, short selling is just the way to profit on the prediction of a price going down instead of up. Really short selling is one of the least sketchy things the stock market does, because at least it’s public how it works.
Right! 70-80% of trades on the stock market are bots trading with bots that learned to trade by watching historical trade data and trading with other bots, most on the order of milli or microseconds.
See - Headline after headline about bits falling off “Boeing” planes, when they were sold by Boeing twenty years ago and badly maintained for the last ten
How does this have anything to do with short selling? Besides, parts are falling of and their own engineers are speaking out against Boeing. That’s not to mention the multiple crashes that were 100% preventable, foreseeable and Boeings fault.
The whole idea of short selling is wild and feels like it should be illegal, so I’m totally OK with informing people how to prevent what they see of as an investment from getting loaned to people who are only trying to devalue that investment.
However, it is funny coming from a guy who has probably done more shortselling in the last hour than most people will do in their lifetimes. It’s also scummy to recommend paying to use a holding company he probably owns or gets kickbacks from.
The whole stock market is gambling, short selling is just the way to profit on the prediction of a price going down instead of up. Really short selling is one of the least sketchy things the stock market does, because at least it’s public how it works.
Right! 70-80% of trades on the stock market are bots trading with bots that learned to trade by watching historical trade data and trading with other bots, most on the order of milli or microseconds.
Oh god it gets so so so much worse than that. Video from Jon Stewart on how deep the rabbit hole goes.
The problem is not short selling, the problem are rich people manipulating the market in ways that should definitely be illegal.
How it’s allowed to first short a stock and then release some “secret” (and often partly or complete bullshit) info is beyond me.
See - Headline after headline about bits falling off “Boeing” planes, when they were sold by Boeing twenty years ago and badly maintained for the last ten
🤨
How does this have anything to do with short selling? Besides, parts are falling of and their own engineers are speaking out against Boeing. That’s not to mention the multiple crashes that were 100% preventable, foreseeable and Boeings fault.