For Scooty (what short selling means)

[LondonManc]

AtW in his new car? I suppose its a step up from a wall!

I fitted it with a PDK and he paid way over the odds for it. Who knew?

[vetran]

AtW in his new car? I suppose its a step up from a wall!

[LondonManc]

This thread is useless without charts.

New emoji please.

[Old Greg]

This thread is useless without charts.

New emoji please.

[darmstadt]

[scooterscot]

Why do you think 'short selling' is the same as 'going short' or its opposite 'going long'. We all read what we want to.

Find a thread where I said I'm 'short selling' a particular stock or crypto (i.e using borrow money) - you'll not find it.

[BR14]

smells a bit fishy too

[NotAllThere]

Scooty owns a brand new car.

DimPrawn thinks Scooty's car will fall in value very soon and it is overpriced.

DimPrawn borrows Scooty's car and sells it quickly for cash.

DimPrawn waits, and low and behold, as the value of Scooty's car has now fallen, he can buy it back at a lower price than it was sold for.

Should be "Lo and behold".

But if for some weird reason, like not buying a car but investing in shares, the value were to go up since you shorted, then DimPrawn suddenly finds himself at a loss.

I know it's obvious, but some people here are really very dim.

[vetran]

You never mention that you'd sold it to the Heathrow Thistle...

nah it was the second 'lady' owner NLyUK for the new stains.

[AtW]

Note - At no point did DimPrawn own Scooty's car, but DimPrawn was able to sell it

You did not get him the same car back - so in effect you owe him his unique car, court ordered compensation and civil penalties leave DimPrawn deep in debt to Wilmslow’s mafia neighbours.

Don’t short sell folks - you will lose yer shorts.

[LondonManc]

I hope Scooty doesn't notice it is now a different colour or the dubious stains on the seats.

You never mention that you'd sold it to the Heathrow Thistle...

[DimPrawn]

I hope Scooty doesn't notice it is now a different colour or the dubious stains on the seats.

[DimPrawn]

Note - At no point did DimPrawn own Scooty's car, but DimPrawn was able to sell it.

HTH BIDI

[DimPrawn]

Scooty owns a brand new car.

DimPrawn thinks Scooty's car will fall in value very soon and it is overpriced.

DimPrawn borrows Scooty's car and sells it quickly for cash.

DimPrawn waits, and low and behold, as the value of Scooty's car has now fallen, he can buy it back at a lower price than it was sold for.

DimPrawn gives Scooty back his car that DimPrawn borrowed.

Dimprawn now has the difference between the price DimPrawn sold it for, and the lower price he bought it back for.

DimPrawn has made a cash profit and Scooty still has his car.