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I actually mean owning it - I think many people are completely unaware of the concept of borrowing a share.
by lazyasciiart 6y ago
I actually mean owning it - I think many people are completely unaware of the concept of borrowing a share.
- FabHK 6y agoYou borrow it, then you have it, but the lender still owns it (and is long one = zero physical, one lent), and you have to return it. You own zero shares (flat = one physical, one borrowed). Then you sell it, and now somebody else has it and owns it (and is long one = one physical, zero lent), while you own minus one (short one = zero physical, one borrowed). Is that not an apter description?