• dogslayeggs@lemmy.world
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    1 year ago

    The whole idea of short selling is wild and feels like it should be illegal, so I’m totally OK with informing people how to prevent what they see of as an investment from getting loaned to people who are only trying to devalue that investment.

    However, it is funny coming from a guy who has probably done more shortselling in the last hour than most people will do in their lifetimes. It’s also scummy to recommend paying to use a holding company he probably owns or gets kickbacks from.

    • Armok_the_bunny@lemmy.world
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      1 year ago

      The whole stock market is gambling, short selling is just the way to profit on the prediction of a price going down instead of up. Really short selling is one of the least sketchy things the stock market does, because at least it’s public how it works.

    • UnfortunateShort@lemmy.world
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      1 year ago

      The problem is not short selling, the problem are rich people manipulating the market in ways that should definitely be illegal.

      How it’s allowed to first short a stock and then release some “secret” (and often partly or complete bullshit) info is beyond me.

      • Hugh_Jeggs@lemm.ee
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        1 year ago

        See - Headline after headline about bits falling off “Boeing” planes, when they were sold by Boeing twenty years ago and badly maintained for the last ten

        🤨

        • UnfortunateShort@lemmy.world
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          1 year ago

          How does this have anything to do with short selling? Besides, parts are falling of and their own engineers are speaking out against Boeing. That’s not to mention the multiple crashes that were 100% preventable, foreseeable and Boeings fault.

  • 3volver@lemmy.world
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    1 year ago

    Just spend some time reading about naked shorting, then you’ll begin to understand why the stock market is the way it is.

  • assembly@lemmy.world
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    1 year ago

    I can’t believe the stock is actually going up in price. Seems like lunacy. It made sense that for the past month it’s been dropping but a bounce like this is making me doubt the nature of my reality.