ㅤ ㅤ ㅤ ㅤ ㅤ ㅤ He is showing the Austin Wealth's narrative of the events, in comparison to their value. ㅤ As am I. ㅤ There is no nuance needed in an already 10,000X exaggeration. ㅤ We could be off by a factor of 100X, and still be correct. ㅤ This is a zero sum game.
$927 billion is what they say they manage on their website.
$46k was the price of 1200 shares iirc
When you short it's the equivalent of you borrow shares, sell them and then promised to give the same amount of shares back.
So the most you can make is if the shares you borrow go to zero. Whereas the downside is the price could go to infinity and now you have to pay that to buy the shares you need to return - in reality not infinity but if the price goes up sufficiently you're wiped out.
Thanks. It's plausible that big players can make small trades, but I don't buy their excuse that the 12 million shares was due to a mistake. They're lying so they can take it back.
an investment fund managing more than $927 billion and they short $46k of shares to make a max of $46k.
sounds legit!
Where are you getting these numbers? Where do $927 billion and the $46k come from, and why do you think the maximum profit would be $46k.
Various sources are showing current size of Austin Investments.
Max is based off of 12k shares. (min/maxing)
Could you site those? What I'm reading is that these investments are highly leveraged to give very high yeilds along with high risk.
ㅤ ㅤ ㅤ ㅤ ㅤ ㅤ He is showing the Austin Wealth's narrative of the events, in comparison to their value. ㅤ As am I. ㅤ There is no nuance needed in an already 10,000X exaggeration. ㅤ We could be off by a factor of 100X, and still be correct. ㅤ This is a zero sum game.
ㅤ ㅤ ㅤ ㅤ ㅤ ㅤ -̱͞|͞מ͟͞͞פ͟ו͟͞͞ק͞פ͟͞͞ק͞|̊̆ ‡.̗̀́
$927 billion is what they say they manage on their website.
$46k was the price of 1200 shares iirc
When you short it's the equivalent of you borrow shares, sell them and then promised to give the same amount of shares back.
So the most you can make is if the shares you borrow go to zero. Whereas the downside is the price could go to infinity and now you have to pay that to buy the shares you need to return - in reality not infinity but if the price goes up sufficiently you're wiped out.
Thanks. It's plausible that big players can make small trades, but I don't buy their excuse that the 12 million shares was due to a mistake. They're lying so they can take it back.