On How Short-Selling Works
Note that the same analysis applies to buyers ("longs") as well. If I buy a million shares of NewsCorp at $15.80 because I think their senior management is likely to skate and the stock is going to go to $20, buying a million shares will likely drive prices up. That's how prices come about in a market.
Posted on August 31, 2011 at 4:21 pm
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On David Foster Wallace's Self-Help Books Removed From Archive
It's a good thing the Ransom Center pulled those books. It would be terrible if people somehow had an erroneous impression that DFW suffered from depression or other mental illness.
Posted on August 30, 2011 at 3:23 pm
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On How Short-Selling Works
@grandpa27 You can buy stock on margin as well as sell short.
My point was that if short sellers are "manipulating" the market because their selling can affect the market price, the same is true of longs, whose buying can affect the market price.