FMG 0.45% $22.10 fortescue ltd

hope it rally today, page-37

  1. 7,247 Posts.
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    "Short selling is a recent construct of equity markets"

    What might be called artificial shorting by means of certficates for difference may be relatively new, but shorting in its classic sense has been around for many years. At least since Rene Rivkin's hey-day when chalkies ruled, and probably longer.

    I think what is lost a bit here is the non-awareness of the meaning of CONTRACT. A sell contract is just that. You promise under penalty of full force of the law to deliver what ever it is you have sold. Delivery is hopefully avoided by purchase back before delivery day. You can play with that as much as you like, but that's the bottom line.
 
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