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My primary disappointment with the Uber IPO is that I don't have a larger wad of money to cover a short position.
by smoyer 7y ago
My primary disappointment with the Uber IPO is that I don't have a larger wad of money to cover a short position.
- caprese 7y agowow so edgy, can't even short on an IPO there are some CFD markets you can probably take a bearish position with, just fire up the VPN and move some crypto over to them
- smoyer 7y agoI didn't say that I had shorted them yet, simply that I see no hope for Uber (or Lyft for that matter). Of course with the recent inversion of the yield curve, I'm pretty bearish on the whole market and likely to get out for a year or two as I did in 2007/8/9.
- kyleblarson 7y ago"To cover a short position" implies that you have a short position you are buying to cover. You likely mean "to put on a short position"
- smoyer 7y agoWell ... if my timing and intuition are perfect then I don't actually need any cash right ;)
- turk73 7y agoBuy puts? Eh, nevermind, IPOs don't have options chains yet...
- dragontamer 7y ago> "to put on a short position" Put is still a bad word because it has a connotation for options trading. (put options vs call options). Maybe "to bet on a short position" is the best phrasing? "Put", "Call", and "Cover" all have precise meanings in the financial word. "Bet" is ambiguous enough that its kinda clear in this case.
- feanaro 7y agoTo open a short position. Or simply "to short".
- Animats 7y agoThe market can remain irrational for longer than you can remain solvent.