TBrown
Wolf of Beale Street
- Joined
- Feb 4, 2009
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Shorting is not an inherently bad thing as a concept when done by you or I who are just making a bet without any control over the outcome of the situation. Hedge fund managers however were making those bets with a sizable enough stake to heavily influence the success of their bets.I feel like such a dummy but that honestly really helped me lol
They can also publish ‘papers’ to support their short position and go on TV to tout their short position to manipulate price as well.Shorting is not an inherently bad thing as a concept when done by you or I who are just making a bet without any control over the outcome of the situation. Hedge fund managers however were making those bets with a sizable enough stake to heavily influence the success of their bets.
A groups of :virtual: investment club members got together and just decided that if we band together we could ruin the short positions of a lot of rich assholes(so to speak)