RE:RE:Shorts Are CoveringThat's well phrased.
This is one of the many major issues with consistently shorting. The best a shorter can hope for is to make an average 10 to 20% on a trade (even that figure is being incredibly generous). Everything could be going well for a shorter for a year or two.
Then "bang", just one major short squeeze and the shorters career is over..........bankruptcy.
The probability that a major short squeeze is going to happen is close to 100% at some point in a shorters career. Losses for the shorter are unlimited, the max a shorter can hope for is 100% gain, that's bad math.
Happened to the homegamer shorters.............happens everyday.
Fat B