RE: 185p29 Oct 2021 08:34
For anyone not clued up on shorting.... Wait for the squeeze...
https://www.google.com/amp/s/www.cnbc.com/amp/2021/01/29/short-selling-what-it-is-why-its-risky-and-how-a-squeeze-happens.html
Short selling: What it is, why it's risky and how the 'squeeze' happens
Most investors think of risk being only on the downside," said CFP Matt Canine, senior wealth strategist with East Paces Group in Atlanta. "When you buy a stock outright, your losses are finite — if you buy at $100 and it goes to zero, you lost $100.
"But if you short it and it goes to $200, $300, $400 etcetera, your losses are compounded," Canine said. "The risk on the upside is unlimited."
When a stock is heavily shorted, and investors are buying shares — which pushes the price up — short sellers start buying to cover their position and minimize losses as the price keeps rising.
This can create a "short squeeze": Short sellers keep having to buy the stock, pushing the price up even higher and higher. (This is what happened with the shorted stocks targeted by the Reddit investing crowd).