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This is Why I Don’t Short Anything Anymore - Wolf Richter -

When I short I borrow the shares directly from the bank/owner/broker I deal with.
No problemo.
They are happy to lend because there is a fee.
Its a contract...not theft.
I stress again that short sellers do provide a floor in market.
Of course that could fall through but new buyers may enter at cheaper prices.
Its called trading.

Commented 3171 days ago

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Beginning of the headline :The moment of maximum pain. Goldman Sachs called for the end of the epic short-covering rally that had whipped crude oil, oil & gas drillers, and the broader markets into froth over the past three weeks. As if on cue, the rally started to unwind today. But it was scheduled for demise from get-go. When oil fundamentals are this terrible, they eventually rule. And here is what that rally did: It inflicted maximum pain and destruction on the short sellers that had piled into the trade. Last week wa... Read More

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