Originally posted by vetran
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Reply to: For Scooty (what short selling means)
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Previously on "For Scooty (what short selling means)"
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Originally posted by Old Greg View Post
This thread is useless without charts.
New emoji please.
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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.
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Originally posted by DimPrawn View PostScooty 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.
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.
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Originally posted by DimPrawn View PostNote - At no point did DimPrawn own Scooty's car, but DimPrawn was able to sell it
Don’t short sell folks - you will lose yer shorts.
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Originally posted by DimPrawn View PostI hope Scooty doesn't notice it is now a different colour or the dubious stains on the seats.
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I hope Scooty doesn't notice it is now a different colour or the dubious stains on the seats.
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Note - At no point did DimPrawn own Scooty's car, but DimPrawn was able to sell it.
HTH BIDI
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For Scooty (what short selling means)
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.
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