Investors need to assume that short positions aren't 'naked shorts' but 'covered shorts' . I've seen a post somewhere on HC (I think BOE) with an assumptions of figures approaching $1Bill needed to cover from the top to bottom of the most recent leg. That is an assumption fraught with error. If any fund manager allowed such a thing, that person would be looking for a another job, and NOT in the financial industry.
That being said,I'd acknowledge the possibility that 'the youngsters' in the field aren't entirely cognisant of the extreme volatility in this niche U space. Yes,I do still think they're fools for taking such a large short position, hedged or not, and that they'll shortly learn a valuable lesson that this space isn't your average 'cake walk' .
A.I.
Investors need to assume that short positions aren't 'naked...
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