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Here's something I've been trying to understand, as a regular idiot. I get the principle behind "I think stock A is going to go in the toilet soon, I wish I had some to sell" so you borrow it from someone else, sell it today, and have an IOU to give it back to them theoretically by buying a share later at the toilet price, pocketing the difference. What I don't get is, if seemingly the entire financial industry was so absolutely certain that GameStop was in a death sprial and all these hedge funds are up to their eyeballs in bets that it will keep going down, who or what is the entity that is "lending" them the stock to short sell? Why wouldn't the people with the stock just sell it themselves to be rid of if it's so obvious that it's only going down?
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Jan 29, 2021 15:59
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| # ¿ May 15, 2024 03:06 |
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