When you short a stock, you borrow it from the broker and sell instantly. you pay back the stock later. If stock price falls, you buy at the low price and pay it back, making profit.
Naked short is when you sell a stock without even borrowing it. This probably happens all the time, but with GME it is undeniable because 150%+ of the total shares were shorted. More shares were shorted than actually fucking EXIST. Thus, there was tons of naked shorting, it's just arithmetic.
naked shorting is actually illegal, and SEC didn't do shit about hedge funds doing it. reddit actually did what the SEC is supposed to do, by checking the shorting by driving the price up.
what the fuck are Naked Shorts
When you short a stock, you borrow it from the broker and sell instantly. you pay back the stock later. If stock price falls, you buy at the low price and pay it back, making profit.
Naked short is when you sell a stock without even borrowing it. This probably happens all the time, but with GME it is undeniable because 150%+ of the total shares were shorted. More shares were shorted than actually fucking EXIST. Thus, there was tons of naked shorting, it's just arithmetic.
naked shorting is actually illegal, and SEC didn't do shit about hedge funds doing it. reddit actually did what the SEC is supposed to do, by checking the shorting by driving the price up.
like it is either a weird ben brain melting thing or he is trying to imply that they took the "shorts" as in short stocks from the hedge funds
As hard as it is to believe that Ben isn't being excessively horny for the sport of it, it is a genuine Wall St term
he got me, i am always expecting so much less thought into these, but yeah actual thing, damn ben.
Credit where it's due, that is genuinely a kinda clever and appropriate visual metaphor/double entendre...while still being mind-bogglingly horny.