hi Dachoper
the answer is Yes.twice in my life i was holding shares i didnt want sell for several reasons but i was concern if severe downturn. Than i short at same time i was holding. Like hedge my own shares. You make zero profit doing that and cost you several fees . But according of concern , holdings and tax position sometimes that is the best alternative and i did.
in one of them i was right and i safe plenty. In the second i was not and i end losing the fees that was not so bad.
about the second part , i cant see any reason to short the share.
to donthat usually u target 6 months , 1 years , 2 years and u look to developments and conclude the current price is the best and from now on go backwards.
is not a “ perfect” target but rarely shorters come on board for less than 20% .( 10% they can easy doing a mix of dividends ,derivatives or options)
i should look today to 4.7 and think... uhmmm ok in 6 months we will be 3.90 and one year maybe 2.90
sounds crazy correct ? Why i should think something like that ?
i cant see one single reason why somebody will short now!!!
the short positions u have today slowly will be covered and they were most hedge from major funds like i explained( this is what i believe)
i cant see any short action in horizon.even if covid is not approved still i cant see.and i think the chances now is really high it will be approved
not advice, just my views
CATO
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