Not following ya here. I would have shorted it had there been shares available. Thats what the above post was about... no shares to short unless you want to deal with the Wall Street version of legal loan sharking.
SNAP popped, but will it Crackle?
- Thread starter SoesWasBetter
- Start date
Plenty of shares to short. cost next to nothing . do you really trade?
From S3 today at noon.
BROKERS LENDING SNAP SHARES TO SHORT SELLERS AT RATES BETWEEN 20 AND 40 PCT – S3 PARTNERS
Duhhh. Unless 40% is "next to nothing".
Guess I'm not as good of a trader as you are.
http://www.zerohedge.com/news/2017-03-07/snap-plunges-shorting-begins
Of course you would know better than these guys.
https://www.s3partners.net/
even if 15% of bulls locked up their shares so brokers can't sell them to short, price would go up 30%, squeeze for limited shares.