Michael J McCafferty wrote:
I swear I said it somewhere in public (here ?), back when the stock was
still shortable.... to short it. Why oh why didn't I actually do
it ?!?!?!?!
Because shorts invariable have call dates and that makes timing problematic.
This is the main problem with shorting a stock. Unlike buying a stock,
where you can keep it indefinitely, shorting a stock can pound you
horribly because you *must* exercise the purchase by the call date.
I'm pretty sure that anybody who shorted SCO probably got clobbered.
The lawsuit took *way* longer than I would have expected.
-a
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