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Showing Original Post only (View all)I know little-to-nothing about stock trading. Can someone please give me the "Dummie's" version of [View all]
what happened this week with the GameStop situation?
I know the basics --- stocks are bought and sold. What I don't understand is how stocks can be "bet against".
Thanks in advance!
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I know little-to-nothing about stock trading. Can someone please give me the "Dummie's" version of [View all]
Progressive Jones
Jan 2021
OP
When it comes to trading stocks, you can take a short position on the direction of the stock.
Yavin4
Jan 2021
#1
great summary--I'd just add they "borrowed" so many shares they cornered the market on themselves
fishwax
Jan 2021
#6
The point of my post was to explain short selling in terms that a lay person can understand
Yavin4
Jan 2021
#19
Thanks !!! A couple more questions that came to me while reading your explanation.
Progressive Jones
Jan 2021
#9
Thank you! I've been looking for an explanation of "this week" all week, but everywhere..
LAS14
Jan 2021
#26
Is the "bag of sugar" shares of stock, or cash against shares already owned by the borrower? nt
Progressive Jones
Jan 2021
#11
Thanks much. I don't know where I got "a few weeks" from, probably that came from some kind
progree
Jan 2021
#37
Thanks ! Yeah, I got that part. I just wasn't clear if the loan was cash or stock. Got it now. nt
Progressive Jones
Jan 2021
#42