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Insiders who have locked up stocks but still want to sell could presumably just short the stock and take out a loan secured on the stock to get the financial effects of selling, without actually selling... I wonder if that's what's happening with ~$1T of stocks currently locked up...
Earlier quoted context omitted.
It’s also not always the case that Alice is the loser. If SpaceX stock jumps up again after the position closes, then Alice is making money and both parties are winners.
But then Charlie, who buys Alice's shares pays. Someone holds the bag (makes the loss) eventually. The money being made from SpaceX is money that Musk, or whoever, engineered to be lost from every pension fund that invests in Nasdaq-100; and the Nasdaq appear to have been entirely complicit, changing the rules to make it happen. I mean Trump stole in the traditional way, using insider dealing, and going to war to man…
Insiders who have locked up stocks but still want to sell could presumably just short the stock and take out a loan secured on the stock to get the financial effects of selling, without actually selling... I wonder if that's what's happening with ~$1T of stocks currently locked up...
I spent a week researching this talking to fidelity, schwab, IBKR, and Robinhood, none would allow it.
Earlier quoted context omitted.
You can always hedge your shorts and limit your downside. It’s not a huge issue unless you have absolutely no idea what you are doing.
Spoken like someone who's never actually done it. Hedging to limit max loss is extremely expensive.
I completely understood the idea of Starlink and expected that it would be successful and useful, which it is. I've worked in data centers for decades now, and I am incredibly skeptical of the "data centers in space" sales pitch. It seems like an actual scam. Data centers submerged in the ocean or placed in the desert seem much more promising. But I have only an enthusiast's understanding of rockets and physics, so I…
I completely understood the idea of Starlink and expected that it would be successful and useful, which it is. I've worked in data centers for decades now, and I am incredibly skeptical of the "data centers in space" sales pitch. It seems like an actual scam. Data centers submerged in the ocean or placed in the desert seem much more promising. But I have only an enthusiast's understanding of rockets and physics, so I…
I too agree that SPCX’s space business is real and valuable, but it’s (almost completely) irrelevant here.
Earlier quoted context omitted.
They're not really making any money when they close out their short position. The money came when they first opened the short position and sold the shares. When they close they just lock in how much they're going to net off the position.
I don't think it makes sense to say you "made money" when you still have an open-ended liability active.
Insiders who have locked up stocks but still want to sell could presumably just short the stock and take out a loan secured on the stock to get the financial effects of selling, without actually selling... I wonder if that's what's happening with ~$1T of stocks currently locked up...