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I've seen that explanation that people ended up short and deep in the hole after the trade is broken but it just doesn't make sense. Got any links where I can r
by djb_hackernews 16y ago
I've seen that explanation that people ended up short and deep in the hole after the trade is broken but it just doesn't make sense. Got any links where I can read more?
- yummyfajitas 16y agohttp://tinyurl.com/39ncl9n http://tinyurl.com/39ncl9n
- djb_hackernews 16y agoSo basically you have nothing to back your statements up. It appears that when the exchanges break the trade, its completely unwound, as if it never happened. Shares go back to the seller, money goes back to the buyer. No one ends up short.
- yummyfajitas 16y agoNothing you said contradicts what I said. The scenario is that you make two trades - a buy at $10 and a sell at $20. The buy is broken but the sell is not. Now it's as if you sold but the buy never happened (i.e., you sold stocks you didn't own). That's a short.