To: central_va; Gamecock; SaveFerris; PROCON; Rebelbase
The problem is the brokerage house only pretends to have the stock in inventory to “loan” the short seller. It is fraud all the way around. Don't get George started on the big brokerage houses.
29 posted on
02/01/2021 4:59:58 AM PST by
Larry Lucido
(Donate! Don't just post clickbait!)
To: Larry Lucido
Yep, in this case the problem is they were playing fast and loose and shorted 140% of the stock. This is why the price is likely to rise a lot when hedge short sellers have to buy sell and borrow and buy and sell the stock again to make up the shorts.
35 posted on
02/01/2021 5:05:00 AM PST by
Bayard
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