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What is short selling? Whipsaw for GameStop stock puts scrutiny on the practice

In an example from Steve Foerster, finance professor at Western University s Ivey Business School, say you think a stock trading for $100 is overvalued, because you think its shiny new product isn t any good - it s worth just $50 for a share. You can borrow the stock, sell it at $100, and plan to buy it back later at the lower price pocketing the $50 for yourself. But the stock market is never a sure thing. If the stock instead goes up in price, it can lead to losses for a short-seller. If the short seller has to buy the stock back at a higher price instead of their expected lower price, it can drive up the stock price even further, creating what s known as a short squeeze.

Legend Power(R) Reports Fiscal Year 2020 Financial Results

Legend Power(R) Reports Fiscal Year 2020 Financial Results
theusnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theusnews.com Daily Mail and Mail on Sunday newspapers.

The Daily Chase: Brokerages ease GameStop curbs; GDP up 0 7% in November

The Daily Chase: Brokerages ease GameStop curbs; GDP up 0.7% in November Bakers wearing protective masks shape and roll out loaves of bread dough at Portofino Bakery Ltd. in Saanichton, British Columbia, Canada, on Thursday, Nov. 19, 2020. Canadian wholesale sales rose 0.9% m/m to C$66.2B in September, according to Statistics Canada. , James MacDonald/Bloomberg Here we go again. GameStop shares have been surging in extended trading after the Robinhood digital brokerage said it will allow limited purchases of securities that were subjected to curbs yesterday. Other names that have been touted on Reddit like AMC Entertainment and BlackBerry are also rallying as the retail investor revolt continues.  major Canadian regulator is chiming in: the Investment Industry Regulatory Organization of Canada “is concerned about the impact the increased volatility may be having on some investors,” a spokesperson told BNN Bloomberg.

What is short selling? Whipsaw for GameStop stock puts scrutiny on the practice - Business News

What is short selling? Whipsaw for GameStop stock puts scrutiny on the practice - Business News
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