News for hackers. Stuff that matters.

A comment on GameStop Is Rage Against the Financial Machine. Parent comment

Re:GameStop Is Rage Against the Financial Machine by dcolkitt on Thursday January 28, 2021 @12:17AM (#25938494)
> you need a huge upside.

Shorting a stock at $300, when it was trading at $16 last month is pretty much the definition of huge upside.

[ Parent | on HN ]
Re:GameStop Is Rage Against the Financial Machine by conanbatt on Thursday January 28, 2021 @02:30AM (#25939181)
True, but 80% a year means that you might have to inmobilize a multiple of the capital and by 6 months lose half the investment.

Note that if you short at 300 and it flash jumps to 1000 you are toast.

[ Parent | on HN ]