Earlier quoted context omitted.
Ok, so, there's a concert by in 4 weeks. Tickets are sold at 100$. But the show is extremely popular, so the tickets are traded, and the price shoots up to 300$. You think the price is still going to go higher, so you buy a ticket for 300$. The price goes up to 400$, you sell the ticket, and you made 100$. (You were long, and the price went up - you made money.) Now, the price goes to 5000$. You think, well, that's w…
I don't know whether this might be too long or boring, but I've extended the tale further a bit: Now, price is back at $5000. You want to go short, but big time this time around. You're going to Mike and borrow the ticket, and to Steve and borrow his ticket, and all your 8 friends (MSetc), and borrow their tickets and sell them to Anna, Betsy, Charlotte, etc (ABC). Now you're short 8 tickets, you'll have to buy back…
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#281So while "you" and HFbuddy are closing out the shorts, there are 16 transactions - that's significant volume, isn't it?