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AI must be stopped... (lemmy.world)

submitted 2 days ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 1 day ago (1 children)

Isn't shorting entirely speculative and based on whether anyone is actually watching the stock closely?

What's correct about that sentence is that shorting is speculative. It's a type of contract a person can use, to their financial benefit, if they believe strongly that the market price of a stock or product will decrease.

Where they get that believe from, is irrelevant. I didn't follow the gamestop meme closely, so can't speculate on their believe.

[–] [email protected] 2 points 1 day ago

Ah, ok. Yeah my understanding was they would short stocks that were likely to decrease in value down the line and that they chose stocks like GS or BB&B because it was unlikely for something like the wallstreetbets shenanigans to happen (emphasis on unlikely).

Again, I'm not interested in shorting. I feel like I need to emphasize that lol.