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the shorts had to cover their positions, doesn't matter how the stock is doing days or weeks after that..."The market can remain irrational longer than you can
by onetimemanytime 7y ago
the shorts had to cover their positions, doesn't matter how the stock is doing days or weeks after that..."The market can remain irrational longer than you can remain solvent" and all.
- WheelsAtLarge 7y agoIt's very hard to short stocks. Most high flyers will eventually collapse. The problem is that you can't tell the difference between the bubbles and the actual winners. You don't have to cover your shorts unless you breach a limit that the brokerage has set. That limit is based on how much liquidity you have. I suspect the majority of the shorts that can continue to hold their position are still shorting hoping to get out at a better price.
- mc3 7y agoare the shorts all emotive humans saying "damn it I lost money, boo hoo!", or is much of that money just bundled up money hedging against something and doesn't really care.