4 ms·
Good one. They also call themselves Autists and Retards. I read a suggestion that it’s not the price of the stock that scared the hedge fund. But the borrowin
by blackrock 6y ago
Good one. They also call themselves Autists and Retards.
I read a suggestion that it’s not the price of the stock that scared the hedge fund. But the borrowing costs, where the interest rates might have gone as high as 80%!
That’s quite an expensive credit card there to be shorting stocks with.
- nervousvarun 6y agoThis is why r/wallstreetbets uses "hold" as a rallying cry. The interest continues to accrue with each day they hold out. An obviously that's only to a point. If you get into this late you are definitely more likely to get burned. But it's clear some of these people genuinely seem to care about "wrecking hedge funds" as much as anything else.
- IG_Semmelweiss 6y agoIts important to note for the sake of comparison, that average borrowing costs in a stock , to understand how out of whack 80% really is. I believe in normal circunstances it tends to be less than 1%
- splistud 6y agoI've received upwards of 30 for short periods in hard to borrow issues (we're talking american certificates of canadian mining stocks, etc). I've never heard of 80.