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Honestly when hertz pulled the selling more stock to suckers move I was shocked by the sheer ballsiness of the maneuver. Especially when they admitted that the
by kjrose 6y ago
Honestly when hertz pulled the selling more stock to suckers move I was shocked by the sheer ballsiness of the maneuver. Especially when they admitted that the stock would likely be worthless.
Honestly, this is one of those situations where a bunch of people took a gamble and lost hard. Hopefully it will serve as a lesson for next time.
- Scoundreller 6y agoI think their buyers would have been the short coverers looking for an exit. A single share could be bored and shorted multiple times. Not overnight, but with enough time, you can end up with more shares short than shares that exist.
- kjrose 6y agoThat actually makes a lot of sense. I wonder if that was the play the whole time.