The Storming of the Bastille: The Reddit Crowd targets the Hedge Funds!
Musings on Markets
JANUARY 29, 2021
but in the process, driven some of the hedge funds that have sold short on these companies to edge of oblivion. This is a “short” sale, and if you are right and the stock price drops, you can buy the shares at the now "discounted" price, return them to the original owner and keep the difference as your profit.
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