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Your broker lends your share out. I borrow it. I sell it to Tom. I borrow the share from Tom's broker. Tom's broker and I both have no idea it's "the" "same
by gowld 6y ago
Your broker lends your share out.
I borrow it.
I sell it to Tom.
I borrow the share from Tom's broker.
Tom's broker and I both have no idea it's "the" "same" share I borrowed.
Boom, 200% short interest on "that" share.