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Totalape
2021-08-19
$Clean Energy Fuels(CLNE)$
Of course it is down. This stock is always down
Totalape
2021-08-03
$Clean Energy Fuels(CLNE)$
All this knows is to fall
Totalape
2021-06-23
Join before meme stocks pump up and change to shorting when the pump is done, can profit twice
抱歉,原内容已删除
Totalape
2021-06-08
To the moon
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Totalape
2021-06-08
$SINGTEL(Z74.SI)$
Three red candles in a row for both week and day, probably will fall more
Totalape
2021-06-02
Apes strong
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Totalape
2021-06-02
Ape holding only 1 share
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strong","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/113863209","repostId":"2140491365","repostType":4,"isVote":1,"tweetType":1,"viewCount":528,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113869536,"gmtCreate":1622603744625,"gmtModify":1631891107402,"author":{"id":"3584360060059164","authorId":"3584360060059164","name":"Totalape","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584360060059164","idStr":"3584360060059164"},"themes":[],"htmlText":"Ape holding only 1 share","listText":"Ape holding only 1 share","text":"Ape holding only 1 share","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/113869536","repostId":"2140491365","repostType":4,"isVote":1,"tweetType":1,"viewCount":307,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":113863209,"gmtCreate":1622603803001,"gmtModify":1631891107386,"author":{"id":"3584360060059164","authorId":"3584360060059164","name":"Totalape","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584360060059164","authorIdStr":"3584360060059164"},"themes":[],"htmlText":"Apes strong","listText":"Apes strong","text":"Apes strong","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/113863209","repostId":"2140491365","repostType":4,"repost":{"id":"2140491365","kind":"news","pubTimestamp":1622587960,"share":"https://www.laohu8.com/m/news/2140491365?lang=&edition=full","pubTime":"2021-06-02 06:52","market":"us","language":"en","title":"Meme stock AMC extends rally, jumps more than 20% as theater chain sells new shares to an investor","url":"https://stock-news.laohu8.com/highlight/detail?id=2140491365","media":"CNBC","summary":"Shares of AMC Entertainment surged again Tuesday after the theater chain sold more than 8 million shares to an investment firm, the latest in a series of capital raises for the struggling company turned meme stock.AMC said in a securities filing that it raised $230.5 million through a stock sale to Mudrick Capital Management. The theater company said it would use the funds for potential acquisitions, upgrading its theaters and deleveraging its balance sheet.Shares were up 22.6% when the market c","content":"<div>\n<p>Shares of AMC Entertainment surged again Tuesday after the theater chain sold more than 8 million shares to an investment firm, the latest in a series of capital raises for the struggling company ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/amc-shares-are-hopping-again-as-theater-chain-sells-new-stock-to-investor.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meme stock AMC extends rally, jumps more than 20% as theater chain sells new shares to an investor</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeme stock AMC extends rally, jumps more than 20% as theater chain sells new shares to an investor\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-02 06:52 GMT+8 <a href=https://www.cnbc.com/2021/06/01/amc-shares-are-hopping-again-as-theater-chain-sells-new-stock-to-investor.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of AMC Entertainment surged again Tuesday after the theater chain sold more than 8 million shares to an investment firm, the latest in a series of capital raises for the struggling company ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/amc-shares-are-hopping-again-as-theater-chain-sells-new-stock-to-investor.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://www.cnbc.com/2021/06/01/amc-shares-are-hopping-again-as-theater-chain-sells-new-stock-to-investor.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"2140491365","content_text":"Shares of AMC Entertainment surged again Tuesday after the theater chain sold more than 8 million shares to an investment firm, the latest in a series of capital raises for the struggling company turned meme stock.AMC said in a securities filing that it raised $230.5 million through a stock sale to Mudrick Capital Management. The theater company said it would use the funds for potential acquisitions, upgrading its theaters and deleveraging its balance sheet.Shares were up 22.6% when the market closed.On Tuesday afternoon, Bloomberg News reported that Mudrick had sold all of its new shares in AMC. The stock fell from its highs of the day following the report.AMC’s business was effectively halted during the pandemic, with movie theaters shut in most of the country for months and major studios delaying releases during the pandemic. However, the stock becamea favorite of traders on Redditand has seen wild swings in recent months.The sharesdoubled last weekon incredibly high volume as the speculative activity by retail traders driven by message board chats ramped back up once again.The company has taken advantage of those price surges by selling additional shares to raise cash. The stock is up more than 1,000% year to date.“Given that AMC is raising hundreds of millions of dollars, this is an extremely positive result for our shareholders,” CEO and President Adam Aron said in a filing. “It was achieved through the issuance of only 8.5 million shares, representing less than 1.7% of our issued share capital and only a small portion of our typical daily trading volume.”The dramatic price swings could also be due to ashort squeezein the stock, which is caused by traders who have bet against the stock buying shares to limit their losses. Roughly 20% of the floated shares of the company are sold short, according to S3 Partners.AMC has around $5 billion in debt and needed to defer $450 million in lease repayments as its revenue largely dried up during the pandemic. Theaters were closed for months to help stop the spread of the virus, and when the company reopened its doors, few consumers felt comfortable attending screenings, and movie studios held back new releases.Now, as vaccination rates rise and the number of coronavirus cases decline, consumer confidence in returning to movie theaters has spiked. Not to mention, studios are finally releasing new content.Over the weekend, John Krasinski’s “A Quiet Place Part II,” the sequel to his 2018 blockbuster, garnered $48.4 million over Friday, Saturday and Sunday, the highest three-day haul of any film release during the pandemic.For the full four-day Memorial Day weekend, the North American box office tallied nearly $100 million in ticket sales.Still, while initial box-office receipts are promising, fundamental elements of the movie theater business have changed in the last year, including theater capacity, shared release dates with streaming services and the number of days that movies play in theaters.The securities filing from AMC, which closed Friday with a $11.8 billion market cap, also has a risk warning for investors: “Our market capitalization, as implied by various trading prices, currently reflects valuations that diverge significantly from those seen prior to recent volatility and that are significantly higher than our market capitalization immediately prior to the COVID-19 pandemic, and to the extent these valuations reflect trading dynamics unrelated to our financial performance or prospects, purchasers of our Class A common stock could incur substantial losses if there are declines in market prices driven by a return to earlier valuations.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":528,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":117378392,"gmtCreate":1623119479216,"gmtModify":1631887136589,"author":{"id":"3584360060059164","authorId":"3584360060059164","name":"Totalape","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584360060059164","authorIdStr":"3584360060059164"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/Z74.SI\">$SINGTEL(Z74.SI)$</a>Three red candles in a row for both week and day, probably will fall more","listText":"<a href=\"https://laohu8.com/S/Z74.SI\">$SINGTEL(Z74.SI)$</a>Three red candles in a row for both week and day, probably will fall more","text":"$SINGTEL(Z74.SI)$Three red candles in a row for both week and day, probably will fall more","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/117378392","isVote":1,"tweetType":1,"viewCount":934,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":117372918,"gmtCreate":1623119585134,"gmtModify":1631891107377,"author":{"id":"3584360060059164","authorId":"3584360060059164","name":"Totalape","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584360060059164","authorIdStr":"3584360060059164"},"themes":[],"htmlText":"To the moon","listText":"To the moon","text":"To the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/117372918","repostId":"2141255133","repostType":4,"repost":{"id":"2141255133","kind":"news","pubTimestamp":1623116749,"share":"https://www.laohu8.com/m/news/2141255133?lang=&edition=full","pubTime":"2021-06-08 09:45","market":"us","language":"en","title":"Reddit’s WallStreetBets has a new favorite stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2141255133","media":"Fortune","summary":"GameStop and AMC are trading at levels no one could have imagined a year ago. Now, Reddit’s r/WallSt","content":"<p>GameStop and AMC are trading at levels no <a href=\"https://laohu8.com/S/AONE\">one</a> could have imagined a year ago. Now, Reddit’s r/WallStreetBets community is looking for the next company whose stock is set to explode—and seems to have settled on Blackberry.</p><p>The company behind the once iconic line of pagers and smartphones has seen its shares increase 137% year to date. That’s nothing compared to the 1,472% increase in GameStop and the 2,705% bump for AMC, but it’s the biggest surge the company has seen in two years. And, judging by chatter on r/WallStreetBets, interest is growing.</p><p>A look at the subreddit Monday finds seven of the top 20 posts are dedicated solely to Blackberry. (Four others are focused on praising Clover Health Investments.) The stock is currently trading in the $15-$16 range, but the most enthusiastic investors are hoping to see it hit $50.</p><p>“Don’t stop, BBelieving!!” encouraged user TehlorO.</p><p>Meanwhile, user Substantial_Diver_34 showed a screenshot of what he says is his portfolio that is 100% committed to Blackberry, with over 6,400 shares. It was, at the time of the shot, down $14,000. The post is entitled “What have I done?” Other users gave nothing but encouragement.</p><p>“I'll tell you what you've done: You've guaranteed your place amongst the millionares,” wrote kingandr3, while Firesice offered “You put in a winning bid...just needs a little time.”</p><p>WSB bulls say Blackberry has grown from being a phone company to a cybersecurity firm that has deals with [hotlink]Amazon[/hotlink] and others and could be well positioned to take a position in the electric vehicle marketspace.</p><p>Analysts aren’t as sure. Four firms currently have “Sell” ratings on the company, with only <a href=\"https://laohu8.com/S/AONE.U\">one</a> suggesting investors buy.</p><p>Of course, the r/WallStreetBets effect often defies the logic of analysts. AMC and [hotlink]GameStop[/hotlink] were floundering a year ago. Now, their stock prices and market caps have increased so much in recent months that they could join the Russell 1000 by the end of the month.</p><p>This story was originally featured on Fortune.com</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reddit’s WallStreetBets has a new favorite stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReddit’s WallStreetBets has a new favorite stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 09:45 GMT+8 <a href=https://finance.yahoo.com/news/reddit-wallstreetbets-favorite-stock-181749222.html><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop and AMC are trading at levels no one could have imagined a year ago. Now, Reddit’s r/WallStreetBets community is looking for the next company whose stock is set to explode—and seems to have ...</p>\n\n<a href=\"https://finance.yahoo.com/news/reddit-wallstreetbets-favorite-stock-181749222.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BB":"黑莓","GME":"游戏驿站"},"source_url":"https://finance.yahoo.com/news/reddit-wallstreetbets-favorite-stock-181749222.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2141255133","content_text":"GameStop and AMC are trading at levels no one could have imagined a year ago. Now, Reddit’s r/WallStreetBets community is looking for the next company whose stock is set to explode—and seems to have settled on Blackberry.The company behind the once iconic line of pagers and smartphones has seen its shares increase 137% year to date. That’s nothing compared to the 1,472% increase in GameStop and the 2,705% bump for AMC, but it’s the biggest surge the company has seen in two years. And, judging by chatter on r/WallStreetBets, interest is growing.A look at the subreddit Monday finds seven of the top 20 posts are dedicated solely to Blackberry. (Four others are focused on praising Clover Health Investments.) The stock is currently trading in the $15-$16 range, but the most enthusiastic investors are hoping to see it hit $50.“Don’t stop, BBelieving!!” encouraged user TehlorO.Meanwhile, user Substantial_Diver_34 showed a screenshot of what he says is his portfolio that is 100% committed to Blackberry, with over 6,400 shares. It was, at the time of the shot, down $14,000. The post is entitled “What have I done?” Other users gave nothing but encouragement.“I'll tell you what you've done: You've guaranteed your place amongst the millionares,” wrote kingandr3, while Firesice offered “You put in a winning bid...just needs a little time.”WSB bulls say Blackberry has grown from being a phone company to a cybersecurity firm that has deals with [hotlink]Amazon[/hotlink] and others and could be well positioned to take a position in the electric vehicle marketspace.Analysts aren’t as sure. Four firms currently have “Sell” ratings on the company, with only one suggesting investors buy.Of course, the r/WallStreetBets effect often defies the logic of analysts. AMC and [hotlink]GameStop[/hotlink] were floundering a year ago. Now, their stock prices and market caps have increased so much in recent months that they could join the Russell 1000 by the end of the month.This story was originally featured on Fortune.com","news_type":1},"isVote":1,"tweetType":1,"viewCount":324,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113869536,"gmtCreate":1622603744625,"gmtModify":1631891107402,"author":{"id":"3584360060059164","authorId":"3584360060059164","name":"Totalape","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584360060059164","authorIdStr":"3584360060059164"},"themes":[],"htmlText":"Ape holding only 1 share","listText":"Ape holding only 1 share","text":"Ape holding only 1 share","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/113869536","repostId":"2140491365","repostType":4,"isVote":1,"tweetType":1,"viewCount":307,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":838927508,"gmtCreate":1629367395304,"gmtModify":1631885981141,"author":{"id":"3584360060059164","authorId":"3584360060059164","name":"Totalape","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584360060059164","authorIdStr":"3584360060059164"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CLNE\">$Clean Energy Fuels(CLNE)$</a>Of course it is down. This stock is always down","listText":"<a href=\"https://laohu8.com/S/CLNE\">$Clean Energy Fuels(CLNE)$</a>Of course it is down. This stock is always down","text":"$Clean Energy Fuels(CLNE)$Of course it is down. This stock is always down","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/838927508","isVote":1,"tweetType":1,"viewCount":339,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807302443,"gmtCreate":1627999196582,"gmtModify":1631885981268,"author":{"id":"3584360060059164","authorId":"3584360060059164","name":"Totalape","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584360060059164","authorIdStr":"3584360060059164"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CLNE\">$Clean Energy Fuels(CLNE)$</a>All this knows is to fall","listText":"<a href=\"https://laohu8.com/S/CLNE\">$Clean Energy Fuels(CLNE)$</a>All this knows is to fall","text":"$Clean Energy Fuels(CLNE)$All this knows is to fall","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/807302443","isVote":1,"tweetType":1,"viewCount":308,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123413269,"gmtCreate":1624434022951,"gmtModify":1631891107362,"author":{"id":"3584360060059164","authorId":"3584360060059164","name":"Totalape","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584360060059164","authorIdStr":"3584360060059164"},"themes":[],"htmlText":"Join before meme stocks pump up and change to shorting when the pump is done, can profit twice","listText":"Join before meme stocks pump up and change to shorting when the pump is done, can profit twice","text":"Join before meme stocks pump up and change to shorting when the pump is done, can profit twice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/123413269","repostId":"1107042121","repostType":4,"repost":{"id":"1107042121","kind":"news","pubTimestamp":1624428452,"share":"https://www.laohu8.com/m/news/1107042121?lang=&edition=full","pubTime":"2021-06-23 14:07","market":"us","language":"en","title":"Reddit Hates Short Sellers, But the Stock Market Needs Them","url":"https://stock-news.laohu8.com/highlight/detail?id=1107042121","media":"Bloomberg","summary":"There’s something a little weird aboutshort selling. Shorting—or betting that a stock’s price will f","content":"<p>There’s something a little weird aboutshort selling. Shorting—or betting that a stock’s price will fall—is a feature of finance that doesn’t have a close analogue in the real-world economy.</p>\n<p>Buying a stock you like isn’t much different from purchasing a product that catches your eye. But if you’re walking through the local grocery store and see an item that sets your stomach turning—say, ketchup-flavored potato chips—you don’t stand in the aisle waving off other customers, telling them how bad it is. You don’t try to crush the bag. You just think, “Who in the world eats this … ” and go on your merry way without putting it in your cart.</p>\n<p>On the stock market, you can do more than just ignore the stuff you think is lousy. You can actively hunt down weak companies or overpriced stocks and try to profit from their decline. Shorting is an old practice—Napoleon outlawed it—that’s become a taken-for-granted part of modern finance. Hedge funds couldn’t hedge without some form of shorting; it’s a kind of insurance that something in a portfolio is making money even if the market falls.</p>\n<p>And right now a lot of peoplehate it. A common thread among many of the stocks retail investors have embraced—includingGameStop Corp.andAMC Entertainment Holdings Inc.—is that they’ve also been targeted by short sellers. The traders who call themselves “apes” on Twitter and Reddit discussion boards see themselves as an army at war with the short sellers from elite Wall Street.</p>\n<p>In fact, fans of these so-called meme stocks are locked into a symbiotic relationship with the shorts. Part of the reasonGameStopandAMCwere launched to the moon is that a frenzied group of traders thought they had an opportunity to make money by overpowering the short bets placed by hedge funds.</p>\n<p><img src=\"https://static.tigerbbs.com/6ea89c846a35a56463a5e05b4eece604\" tg-width=\"1256\" tg-height=\"570\" referrerpolicy=\"no-referrer\"></p>\n<p>To see why, you need to understand the mechanics of shorting. Take GameStop as an example. Prior to its explosive jump in price early this year, hedge funds and other traders were arrayed against the video game retailer. That wasn’t crazy: Brick-and-mortar stores were hurting even before the pandemic, and GameStop’s main product is digital and increasingly sold over the internet. To short the stock, bears could borrow some shares—typically from a large money manager—and then sell them. Later they’d have to buy back the stock to return it to the owner. But if they were right and the shares fell, they could pocket the difference between the new price and the one they sold at. (Traders may also go short using options contracts.) In January, 140% of GameStop’s free-floating shares were tied to short sales. This can happen because a single share can be borrowed, sold, and then borrowed again from the new owner.</p>\n<p>Because shorting puts a notch in the sell column for a stock, it can put pressure on its price to fall. So bulls naturally see shorts as working against them. The flip side is that the optimists can hurt the shorts—and even profit from doing so. A so-called short squeeze occurs when the price on a stock rises so much that shorts have to bail out of their trades. That means they have to buy back the shares they borrowed and sold, and their buying pushes prices even higher. The shocking upward spiral in GameStop shares in January appears to have been a squeeze. The more recent rally in the shares of cinema chain AMC could be an attempt to start one, as online influencers try to rally their troops against a common foe. Hedge funds trying to profit from the pain of an iconic business and its retail shareholders make for good villains.</p>\n<p>Wall Street pros, on the other hand, tend to regard shorts as a necessary part of the financial landscape. They see financial markets not simply as a grocery store where you can buy things you want, but as a kind of machine for discovering correct prices. Shorts add an input—without them, the only people with a reason to have an opinion about a company would be people interested in buying or current owners thinking of getting out.</p>\n<p>Shorting brings people who may be even harsher skeptics into the conversation. They don’t own the shares and don’t want to, but they still can signal that the stock’s overpriced—or that something isn’t quite right. They may even publicize their case against a stock and push its price down. “Short selling is generally a very positive thing for the market,” says Larry Tabb, head of market structure research at Bloomberg Intelligence. “It rewards people to provide information on what companies are saying and doing.”</p>\n<p>Consider the case of Lordstown Motors Corp.and Hindenburg Research, which publishes online reports on stocks it might be shorting. Hindenburg issued a report in March alleging that Lordstown was making inaccurate statements. Chief Executive Officer Steve Burns and another executiveabruptly left the companyin June, and the board admitted some statements Lordstown had made were misleading, sending shares plummeting by more than 20% at one point. (Lordstown still denies most of Hindenburg’s specific allegations.)</p>\n<p>Even more recently, shares of online sports betting companyDraftKings Inc.were roiled after acritical report from Hindenburg. DraftKings has disputed Hindenburg’s claims, and said in a statement that the analysis “is written by someone who is short on DraftKings stock with an incentive to drive down the share price.” Hindenburg discloses in its report that it has a short position.</p>\n<p>Critics of short sellers point out that their incentives are not simply a mirror image of buyers’ motivations. The potential upside for betting against a stock or bond is limited—a stock can only fall to $0—while losses are theoretically infinite if shares keep rising. So short sellers can’t just sit back, Warren Buffett-like, and wait for the world to agree with them. A fund that shorted GameStop in July 2020 at $3.85 could have made, at most, $3.85 a share minus borrowing costs. Anyone who took that position and stuck with it through June 21—an unlikely scenario—would be in the red a disastrous $196 for each share they shorted, plus expenses.</p>\n<p>That asymmetry makes short selling like juggling chainsaws. And it helps fuel suspicions that some short sellers would be willing to do unscrupulous things to make sure they win, whether it’s manipulating markets behind the scenes or hyping up dubious cases against a company. On June 21, real estate companyFarmland Partners Inc.said it settledlitigation against Quinton Mathews, a short who published a pseudonymous blog post that led to a 39% decline in the stock. Mathews said in a statement that his article “contained inaccuracies and false allegations” and retracted it.</p>\n<p>To be sure, plenty of big investors praise the shares they own, which may help their prices rise. You can see them every day on financial TV and quoted in the business news. But shorts may have an extra psychological edge they can exploit. According to a2008 research paperpublished in the<i>Psychological Bulletin</i>, people have “the propensity to attend to, learn from, and use negative information far more than positive information.” In the context of investing, that means people may pay more attention to bearish news. Like it or not, a short seller peddling what bulls call FUD (or “fear, uncertainty, and doubt”) may resonate more than an optimist making the bull case.</p>\n<p>Short sellers are a godsend for journalists. Because shorts think they have unique insights that haven’t been widely disseminated, they’re often willing to say things about a company that are spicier than the pablum found in your typical brokerage research report. That their quotes can be catchy makes it easy to write about them, which leads some people to think that reporters are in cahoots with the shorts. In practice, the outsize attention short sellers receive is mostly attributable to the fact that they’re often the only dissenting opinion to be found. Short sellers have helped reporters uncover frauds—the classic example is Enron Corp.—but they also take advantage of the news media’s deepest bias, which is for the interesting and salacious.</p>\n<p>A dirtier way for shorts to game the system would be selling shares they haven’t actually borrowed, a practice known as “naked shorting.” In doing so, a short seller could place more pressure on the stock to go down than the market would naturally allow (because sometimes there just aren’t enough shares to borrow) while avoiding what can be hefty borrowing fees. The U.S. Securities and Exchange Commission banned naked shorting in 2008, but claims of its use were rampant on social media during GameStop’s first runup.</p>\n<p>At the end of January, SEC data showed that $359 million of the company’s shares were deemed “failed-to-deliver.” That’s to say a big chunk of shares weren’t being handed over to buyers on time. That was seen by some on Reddit’s WallStreetBets forum as evidence of naked short selling, since you can’t deliver a stock you don’t have. Still, there are also more boring reasons, such as administrative delays, that may explain why shares can sometimes get caught in limbo, and the frenzy around GameStop shares may have made this more likely, too. “Fails-to-deliver can occur for a number of reasons on both long and short sales,” reads adisclaimeron the SEC site. “Fails-to-deliver are not necessarily the result of short selling, and are not evidence of abusive short selling.”</p>\n<p>“Voting with dollars and putting money to work shows conviction”</p>\n<p>A more nuanced criticism of short selling is that it rubs up against the idea that investors should be long-term stewards of the businesses they own. Many shares are in the hands of mutual funds and pension funds that intend to hold them for years. Ironically, these are often the shares that shorts borrow to wager against a company.</p>\n<p>For those big funds, lending shares provides a relatively safe stream of income from borrowing fees. But Japan’s Government Pension Investment Fund took an unlikely stand against the practice in 2019. Hiro Mizuno, then-chief investment officer of the $1.7 trillion fund, announced it would no longer lend its foreign shareholdings to short sellers,tellingthe<i>Financial Times</i>that he “never met a short seller who has a long-term perspective.” Lending shares can also undercut a large money manager’s efforts to encourage better environmental, social, and governance practices at companies. The Japanese pension fund’s strike at the short-selling complex elicited a thumbs-up at the time from Tesla Inc. CEOElon Musk, who has infamously battledTesla short sellersfor years. He tweeted that the fund’s decision was the “right thing to do!” and that “short selling should be illegal.” After leaving GPIF, Mizuno joined Tesla’s board.</p>\n<p>Regulators’ attitude toward short selling is that there are few problems transparency wouldn’t fix. When asked about his views at aMay 6 hearing, SEC Chair Gary Gensler was cautious not to suggest he was in favor of any new strict limits on the practice. However, he indicated there may be a need for more disclosures and data about short positions.</p>\n<p>Short selling is deeply dug into how money management works, because it’s not only for speculators. For fund managers, for example, a short bet can mitigate risks. Have a mandate to focus on airline stocks? Shorting hotel chains might ease any loss if airlines sell off because the two industries tend to move in the same direction.</p>\n<p>Shorts are one-half of a free market’s checks and balances system, says Jacob Rappaport, head of equities at StoneX Financial Inc. Without them, valuations can become unhinged. “Voting with dollars and putting money to work shows conviction and helps the retail investor find true value,” he says. “Eliminating the mechanism to make a bearish investment does not make for a more efficient market.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reddit Hates Short Sellers, But the Stock Market Needs Them</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReddit Hates Short Sellers, But the Stock Market Needs Them\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 14:07 GMT+8 <a href=https://www.bloomberg.com/news/articles/2021-06-23/stock-market-reddit-investors-hate-short-sellers-but-market-needs-them><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There’s something a little weird aboutshort selling. Shorting—or betting that a stock’s price will fall—is a feature of finance that doesn’t have a close analogue in the real-world economy.\nBuying a ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-23/stock-market-reddit-investors-hate-short-sellers-but-market-needs-them\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UAA":"安德玛公司A类股","AAL":"美国航空","DISCA":"探索传播"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-23/stock-market-reddit-investors-hate-short-sellers-but-market-needs-them","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107042121","content_text":"There’s something a little weird aboutshort selling. Shorting—or betting that a stock’s price will fall—is a feature of finance that doesn’t have a close analogue in the real-world economy.\nBuying a stock you like isn’t much different from purchasing a product that catches your eye. But if you’re walking through the local grocery store and see an item that sets your stomach turning—say, ketchup-flavored potato chips—you don’t stand in the aisle waving off other customers, telling them how bad it is. You don’t try to crush the bag. You just think, “Who in the world eats this … ” and go on your merry way without putting it in your cart.\nOn the stock market, you can do more than just ignore the stuff you think is lousy. You can actively hunt down weak companies or overpriced stocks and try to profit from their decline. Shorting is an old practice—Napoleon outlawed it—that’s become a taken-for-granted part of modern finance. Hedge funds couldn’t hedge without some form of shorting; it’s a kind of insurance that something in a portfolio is making money even if the market falls.\nAnd right now a lot of peoplehate it. A common thread among many of the stocks retail investors have embraced—includingGameStop Corp.andAMC Entertainment Holdings Inc.—is that they’ve also been targeted by short sellers. The traders who call themselves “apes” on Twitter and Reddit discussion boards see themselves as an army at war with the short sellers from elite Wall Street.\nIn fact, fans of these so-called meme stocks are locked into a symbiotic relationship with the shorts. Part of the reasonGameStopandAMCwere launched to the moon is that a frenzied group of traders thought they had an opportunity to make money by overpowering the short bets placed by hedge funds.\n\nTo see why, you need to understand the mechanics of shorting. Take GameStop as an example. Prior to its explosive jump in price early this year, hedge funds and other traders were arrayed against the video game retailer. That wasn’t crazy: Brick-and-mortar stores were hurting even before the pandemic, and GameStop’s main product is digital and increasingly sold over the internet. To short the stock, bears could borrow some shares—typically from a large money manager—and then sell them. Later they’d have to buy back the stock to return it to the owner. But if they were right and the shares fell, they could pocket the difference between the new price and the one they sold at. (Traders may also go short using options contracts.) In January, 140% of GameStop’s free-floating shares were tied to short sales. This can happen because a single share can be borrowed, sold, and then borrowed again from the new owner.\nBecause shorting puts a notch in the sell column for a stock, it can put pressure on its price to fall. So bulls naturally see shorts as working against them. The flip side is that the optimists can hurt the shorts—and even profit from doing so. A so-called short squeeze occurs when the price on a stock rises so much that shorts have to bail out of their trades. That means they have to buy back the shares they borrowed and sold, and their buying pushes prices even higher. The shocking upward spiral in GameStop shares in January appears to have been a squeeze. The more recent rally in the shares of cinema chain AMC could be an attempt to start one, as online influencers try to rally their troops against a common foe. Hedge funds trying to profit from the pain of an iconic business and its retail shareholders make for good villains.\nWall Street pros, on the other hand, tend to regard shorts as a necessary part of the financial landscape. They see financial markets not simply as a grocery store where you can buy things you want, but as a kind of machine for discovering correct prices. Shorts add an input—without them, the only people with a reason to have an opinion about a company would be people interested in buying or current owners thinking of getting out.\nShorting brings people who may be even harsher skeptics into the conversation. They don’t own the shares and don’t want to, but they still can signal that the stock’s overpriced—or that something isn’t quite right. They may even publicize their case against a stock and push its price down. “Short selling is generally a very positive thing for the market,” says Larry Tabb, head of market structure research at Bloomberg Intelligence. “It rewards people to provide information on what companies are saying and doing.”\nConsider the case of Lordstown Motors Corp.and Hindenburg Research, which publishes online reports on stocks it might be shorting. Hindenburg issued a report in March alleging that Lordstown was making inaccurate statements. Chief Executive Officer Steve Burns and another executiveabruptly left the companyin June, and the board admitted some statements Lordstown had made were misleading, sending shares plummeting by more than 20% at one point. (Lordstown still denies most of Hindenburg’s specific allegations.)\nEven more recently, shares of online sports betting companyDraftKings Inc.were roiled after acritical report from Hindenburg. DraftKings has disputed Hindenburg’s claims, and said in a statement that the analysis “is written by someone who is short on DraftKings stock with an incentive to drive down the share price.” Hindenburg discloses in its report that it has a short position.\nCritics of short sellers point out that their incentives are not simply a mirror image of buyers’ motivations. The potential upside for betting against a stock or bond is limited—a stock can only fall to $0—while losses are theoretically infinite if shares keep rising. So short sellers can’t just sit back, Warren Buffett-like, and wait for the world to agree with them. A fund that shorted GameStop in July 2020 at $3.85 could have made, at most, $3.85 a share minus borrowing costs. Anyone who took that position and stuck with it through June 21—an unlikely scenario—would be in the red a disastrous $196 for each share they shorted, plus expenses.\nThat asymmetry makes short selling like juggling chainsaws. And it helps fuel suspicions that some short sellers would be willing to do unscrupulous things to make sure they win, whether it’s manipulating markets behind the scenes or hyping up dubious cases against a company. On June 21, real estate companyFarmland Partners Inc.said it settledlitigation against Quinton Mathews, a short who published a pseudonymous blog post that led to a 39% decline in the stock. Mathews said in a statement that his article “contained inaccuracies and false allegations” and retracted it.\nTo be sure, plenty of big investors praise the shares they own, which may help their prices rise. You can see them every day on financial TV and quoted in the business news. But shorts may have an extra psychological edge they can exploit. According to a2008 research paperpublished in thePsychological Bulletin, people have “the propensity to attend to, learn from, and use negative information far more than positive information.” In the context of investing, that means people may pay more attention to bearish news. Like it or not, a short seller peddling what bulls call FUD (or “fear, uncertainty, and doubt”) may resonate more than an optimist making the bull case.\nShort sellers are a godsend for journalists. Because shorts think they have unique insights that haven’t been widely disseminated, they’re often willing to say things about a company that are spicier than the pablum found in your typical brokerage research report. That their quotes can be catchy makes it easy to write about them, which leads some people to think that reporters are in cahoots with the shorts. In practice, the outsize attention short sellers receive is mostly attributable to the fact that they’re often the only dissenting opinion to be found. Short sellers have helped reporters uncover frauds—the classic example is Enron Corp.—but they also take advantage of the news media’s deepest bias, which is for the interesting and salacious.\nA dirtier way for shorts to game the system would be selling shares they haven’t actually borrowed, a practice known as “naked shorting.” In doing so, a short seller could place more pressure on the stock to go down than the market would naturally allow (because sometimes there just aren’t enough shares to borrow) while avoiding what can be hefty borrowing fees. The U.S. Securities and Exchange Commission banned naked shorting in 2008, but claims of its use were rampant on social media during GameStop’s first runup.\nAt the end of January, SEC data showed that $359 million of the company’s shares were deemed “failed-to-deliver.” That’s to say a big chunk of shares weren’t being handed over to buyers on time. That was seen by some on Reddit’s WallStreetBets forum as evidence of naked short selling, since you can’t deliver a stock you don’t have. Still, there are also more boring reasons, such as administrative delays, that may explain why shares can sometimes get caught in limbo, and the frenzy around GameStop shares may have made this more likely, too. “Fails-to-deliver can occur for a number of reasons on both long and short sales,” reads adisclaimeron the SEC site. “Fails-to-deliver are not necessarily the result of short selling, and are not evidence of abusive short selling.”\n“Voting with dollars and putting money to work shows conviction”\nA more nuanced criticism of short selling is that it rubs up against the idea that investors should be long-term stewards of the businesses they own. Many shares are in the hands of mutual funds and pension funds that intend to hold them for years. Ironically, these are often the shares that shorts borrow to wager against a company.\nFor those big funds, lending shares provides a relatively safe stream of income from borrowing fees. But Japan’s Government Pension Investment Fund took an unlikely stand against the practice in 2019. Hiro Mizuno, then-chief investment officer of the $1.7 trillion fund, announced it would no longer lend its foreign shareholdings to short sellers,tellingtheFinancial Timesthat he “never met a short seller who has a long-term perspective.” Lending shares can also undercut a large money manager’s efforts to encourage better environmental, social, and governance practices at companies. The Japanese pension fund’s strike at the short-selling complex elicited a thumbs-up at the time from Tesla Inc. CEOElon Musk, who has infamously battledTesla short sellersfor years. He tweeted that the fund’s decision was the “right thing to do!” and that “short selling should be illegal.” After leaving GPIF, Mizuno joined Tesla’s board.\nRegulators’ attitude toward short selling is that there are few problems transparency wouldn’t fix. When asked about his views at aMay 6 hearing, SEC Chair Gary Gensler was cautious not to suggest he was in favor of any new strict limits on the practice. However, he indicated there may be a need for more disclosures and data about short positions.\nShort selling is deeply dug into how money management works, because it’s not only for speculators. For fund managers, for example, a short bet can mitigate risks. Have a mandate to focus on airline stocks? Shorting hotel chains might ease any loss if airlines sell off because the two industries tend to move in the same direction.\nShorts are one-half of a free market’s checks and balances system, says Jacob Rappaport, head of equities at StoneX Financial Inc. Without them, valuations can become unhinged. “Voting with dollars and putting money to work shows conviction and helps the retail investor find true value,” he says. “Eliminating the mechanism to make a bearish investment does not make for a more efficient market.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":327,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}