Not quite Ben. You borrow shares of a large holder for a fee and sell them on market. If the shares go down you buy them back and then
give them back to the owner. The owner make a profit - the fee. You make a profit - sell price - minus buy price - fee.
Of course if the share price goes up the owner still gets his fee. You make a loss because you have to buy them back at a higher price than what you sold them for.
shorts, page-889
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