LogFAQs > #950036194

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Topic	Jon Stewart SHOOTS HARD on Wall Street
Solid Snake07 01/28/21 9:43:59 PM #25:	DarkRoast posted... Look, I get it, short selling seems sketchy as hell. It always has. But it's also vital to how the modern stock market works. It's usually not anywhere near as risky as it currently seems - GameStop is basically on life support as a company, with the board of directors already discussing asset division. Ironically, the entire point of shorting GameStop's stock up until a few days ago was to DECREASE the risk in your portfolio. Because normally people don't invest like Redditors are currently doing. Nothing sketchy about it, but it is risky. If I buy a stock worst case scenario is they go bankrupt and I lose all my money. There is no worst case scenario for a short sell, it can get infinitely worse and you'll lose multiples of the initial capital you put up. There's nothing wrong with short selling but it comes with significant risks, even for a company like gamestop if it's as heavily shorted as it was. --- "People incapable of guilt usually do have a good time" -Detective Rust Cohle <cite>Solid Snake07 posted [p:950036194] in Jon Stewar... [t:79265468]...</cite> <quote>DarkRoast posted... </cite> <quote>Look, I get it, short selling seems sketchy as hell. It always has. But it's also vital to how the modern stock market works. It's usually not anywhere near as risky as it currently seems - GameStop is basically on life support as a company, with the board of directors already discussing asset division. Ironically, the entire point of shorting GameStop's stock up until a few days ago was to DECREASE the risk in your portfolio. Because normally people don't invest like Redditors are currently doing.</quote> Nothing sketchy about it, but it is risky. If I buy a stock worst case scenario is they go bankrupt and I lose all my money. There is no worst case scenario for a short sell, it can get infinitely worse and you'll lose multiples of the initial capital you put up. There's nothing wrong with short selling but it comes with significant risks, even for a company like gamestop if it's as heavily shorted as it was. --- "People incapable of guilt usually do have a good time" -Detective Rust Cohle</quote> ... Copied to Clipboard!
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