For those who aren't into the finance world....a 'short' is where you analyze data....going into a special market, and you 'bet' that X-price (say $40) for a stock will be dropping in a period of time (there are no limits). So you might create a 'short' where the $40 stock in one month will drop to $37. Or you might be favoring a high-risk situation and saying the $40 stock in two weeks will drop to $17.
Yeah, it's a legalized betting....on commerce.
Do regular investors do 'shorts'? NO.
Most people I know....who do 'shorts'....will tell you they spend 20 hours a week analyzing data...as a minimum. They might only do two or three 'shorts' a year, and they will always say there is maximum risk and minimal risk behind this stuff.
So here's this little odd story. A investment company called 'Austin Private Wealth' who came up in early July, and put around $7-million down on a 'short' with $DJT (Trump's social media stock)....that it would drop...with a end date of 15 July (last Monday).
Twelve-million share involved.
On risk? Well....7-million is an awful lot.
Who is connected to Austin Private Wealth? Blackstone, Vanguard, the Bush family and the Baker family.
What the company says? Clerical error.....they just accidentally did the 'shorts'.
7-million lost? More or less. Trump didn't pass on....stock on Friday was around $31 a share....Monday, it pumped UP to $40 a share. Today, it's near $36.
So, what happened? Unknown.
I'd rather not believe that some conspiracy unfolded, and some CIA guys knew a operation would occur on Saturday.
Some time-machine situation? Well...one would laugh over the idea, but you have to wonder about this.
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