LogFAQs > #950043588

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Topic	Stock Market General #9
badjay 01/29/21 2:52:50 AM #348:	ShyOx posted... However, GME burst to over 100$. You now still owe me my stock in GME, so you have to buy it back at some point. The longer you wait, the higher the stock goes because people are buying GME like crazy. You have two options 1) Suck it up and pay the obscene amount and return my stock 2) Try and wait for GME stock to go down some, taking the risk that it won't go down, and could go up even higher. This the position that Melvin Capital is in. You forgot the part where this fictional "you" also pays interest for borrowing. The situation you proposed offers no consequence for borrowing forever. If that were true you could just bag hold short forever lol. --- [05:45:34] I bought an American L and it was like a tent <cite>badjay posted [p:950043588] in Stock Mark... [t:79265453]...</cite> <quote>ShyOx posted... </cite> <quote> However, GME burst to over 100$. You now still owe me my stock in GME, so you have to buy it back at some point. The longer you wait, the higher the stock goes because people are buying GME like crazy. You have two options 1) Suck it up and pay the obscene amount and return my stock 2) Try and wait for GME stock to go down some, taking the risk that it won't go down, and could go up even higher. This the position that Melvin Capital is in.</quote>You forgot the part where this fictional "you" also pays interest for borrowing. The situation you proposed offers no consequence for borrowing forever. If that were true you could just bag hold short forever lol. --- [05:45:34] I bought an American L and it was like a tent</quote> ... Copied to Clipboard!
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