- cross-posted to:
- reddit@lemmy.world
- news@hexbear.net
- technology@beehaw.org
- cross-posted to:
- reddit@lemmy.world
- news@hexbear.net
- technology@beehaw.org
A lot of Redditors hate the Reddit IPO | Reddit warned us that its users were a risk factor, and boy do they sound excited about shorting its stock.::Reddit seems like a likely candidate for a meme stock. But the actual reaction suggests that r/WallStreetBets isn’t going to send the stock to the moon.
Not true
It is true.
You buy a stock for $30. At worst it gets to $1 and you lose $29.
You short a stock for $30. There is no upper limit to how high it can go.
In theory that’s true but you’ll get liquidated at some point.