3 ms·
We're talking about opening a short position in the face of manic buying. Buyers will still vastly outnumber sellers, and in the end you'll be forced to buy bac
by minimax 14y ago
We're talking about opening a short position in the face of manic buying. Buyers will still vastly outnumber sellers, and in the end you'll be forced to buy back at a higher price in a so-called short squeeze which will drive prices even higher.
Lots of reasonable people thought they could short the dot com bubble only to get creamed as prices moved higher.