Quote:
Originally Posted by tatorhog
I don't fully get the concept of shorting, but from what I understand if they survived that giant wave going up, then yeah they probably are rolling this very second.
Somebody, somewhere just lost everything they ever had and planned to have though. Damn
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The mechanism is complicated, but the function is pretty simple. Shorting basically works the opposite of a normal buy. If the price goes up, your value goes down, and vice versa.
If someone was already shorting the stock at $15 or whatever, they're still hurting right now (and probably will be for a while). But if someone got in at $400 yesterday, they're going to be rolling soon.