Long Run Explor Ltd Ord WFREF

short sellers DO have to pay the dividend.

[aaaaaargh]

To 99999 gold. Should we fire the SEC as well? https://www.sec.gov/answers/shortsale.htm

[99999gold]

omg you deserve to lose all your money, if my last post is not clear let me try again. Say I short lre at 2.80 for 10k shares, the dividend of 0.035 equates to be 350. Keep in mind I'm not in the business of collecting a dividend but rather I'm betting that stock will fall from here. If the stock runs as it nears its ex dividend date say to 3 I can cover and collect back the 350 from LRE

[polarpeak]

If you short 10k at 2.80 and cover at 2.70 and they paid a dividend in that time frame then you would profit $650 ($1000-$350).

[aaaaaargh]

Ok genius, if you shorted lre originally and you covered before the ex dividend date, how many shares of LRE do you now own? Because we don't know the color of the sky in your world, I will help you out... the answer is 0. Please explain to me how you plan to earn a dividend from anybody with 0 shares. As for the rest of your entire post, you changed your argument from "shorts don't

[99999gold]

omg buddy, read the balance sheet! read the line dividends declared!  your handle is perfect for what I feel right now. 

[aaaaaargh]

Lol, yup, because the rules for who pays dividends when you are short selling, can be found on the dividends declared line on a companies balance sheet. /facepalm I think I will just leave this conversation where it is, good luck in your future in stock trading...

[99999gold]

lol that's hilarious  so the shorts according to you covers the entire 18+M in dividend payments? lol lol 

[aaaaaargh]

I actually feel really sorry for you so I am going to try one more time, and I will try to put it in a step by step process so that maybe you can understand and stop embarrassing yourself. Please try to take the time to understand what is being said, and the process, instead of throwing out a random reply. Let us start out with person A. Person A recently bought LRE and holds it in a brokerage

[barneyj44]

Too funny aaaaaargh, great explanation for us layman.......

[aaaaaargh]

thanks Barney. I am only praying that he/she doesn't trade HNU/HOU or similar products without fully understanding contango and backwardation. That is a lot harder to explain to a twenty something genius who once made money on one stock and now knows more than the 100% of the people on a stock bullboard that are telling him he is wrong....

[99999gold]

how many of the stock is shorted? 2.7m is the last check. You're confused on who needs to pay for all the dividends for all the outstanding stock. If I short the stock tomorrow and it falls to 2.75 from 2.85 at 10k shares before the ex dividend date I not only make back the upfront 350 if I cover it plus all the downside when i cover the stock and buy it back at 2.75 - what's wrong with

[aaaaaargh]

O M F G. Did you even read my note??? I can't explain it any better to you unless I can draw you a flow chart with bright colors. First of all, please provide the quote that says that the shorts have to cover all of the dividends to be paid by the company. WTF don't you understand. The company pays the dividend to all the shareholders of record, as already explained to you in child like

[aaaaaargh]

.  A lot of shorts of dividend paying stock will cover and buy it at the lower price hopefully before the exdividend on the fear of it might run up on them from their target price.  [/quote] If most of the the shorts covered before the exdividend date, wouldn't every stock in existence have a massive run up right before the exdividend??? You are really not thinking straight

[bowmacwood]

good SHORTS EXPLANATIONS aaaaarggghhhh. I also concur on your HNU/HOU  WARNING  ---  HNU/HOU ARE NOT investments -- they are derivitaves and should only be SHORT TERM TRADED, even then they are really only good in times of high fast moving volatility 

[aaaaaargh]

thanks bowmac.