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They did and will lose money on their bets, just not ridiculous amounts that don’t reflect the real market price. Also the bailouts we’re talking about here are
by labster 5y ago
They did and will lose money on their bets, just not ridiculous amounts that don’t reflect the real market price. Also the bailouts we’re talking about here are loans to nickel miners to cover margin calls, not free money. They will make money selling nickel at a higher price.
- Lionga 5y agoAnd you are the chosen one to decide which prices are real and which are not "real"?
- labster 5y agoYes, that’s me. First time anyone has recognized me. One of my rules is that prices that have increased by 3 times in a few hours with no real change in demand and most suppliers still producing, then it’s not a real price.
- mynameishere 5y agoAnytime someone places a short position they are creating demand in the future from themselves. They know this.
- HWR_14 5y agoThe problem was the callable short. They had nickel coming in N months. They could fulfill it then. They just couldn't take a short position that would be fulfilled then - instead it had to be fulfilled randomly before then.