GameStop day traders shook markets and hit hedge funds for billions. What has Wall Street learned?
Advertisement Short-selling is when institutions bet that stocks will fall. They do this by borrowing those stocks and selling them. They then buy them back later at a cheaper price and then return the stocks to the original owner, pocketing a profit. "We have to be judicious about the short book," Left said in a video posted to Twitter. "Even though we have been called 'boomers' many times over the past week, we understand the changing dynamics in the market." "So with that we'll become more judicious when it comes to shorting stocks. Doesn't mean the industry is dead. But it just means you ...
Source: businessinsider.in