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This is a normal post When you short...
Your stake is basically the maximum you can make. You are selling shares someone else owns at today's price with a promise to buy the shares back within a certain time period and hand them back. You then trouser the difference.

The most he could have made was 65k.
(, Fri 21 Apr 2017, 10:36, Reply)
This is a normal post That assumes the share price drops 100% to zero.
Under such extreme circumstances I think the deal might just be null and voided in the small print.
(, Fri 21 Apr 2017, 10:40, Reply)
This is a normal post Indeed it does.
Seems like a huge amount of effort and risk for a maximum potential gain of 65k.
(, Fri 21 Apr 2017, 10:46, Reply)
This is a normal post I was surprised he could find a bank or fund to short with when his capital was so low and was leveraged.
Anyway, this game is about yield not the pound note figure.
(, Fri 21 Apr 2017, 10:51, Reply)
This is a normal post And now he can look forward to yielding his bum in the prison showers for the rest of his life.

(, Fri 21 Apr 2017, 11:00, Reply)
This is a normal post yes, but it's always leveraged.
In this case he was trading options contracts - which are leveraged anyway - and probably trading on margin so perhaps a tenth of the contract up front.
(, Fri 21 Apr 2017, 12:06, Reply)
This is a normal post Yes.
What I meant was he had no capital at all so he took a loan to even get the deal set up.
(, Fri 21 Apr 2017, 12:19, Reply)
This is a normal post So really he stood to make fuck all.
He should have just mugged old ladies coming out of the post office.
(, Fri 21 Apr 2017, 12:28, Reply)
This is a normal post As I understand it from what I've read, yes.
Frankly it all sounds rather implausible. I very much doubt he was short selling. He was probably spread betting.
(, Fri 21 Apr 2017, 12:33, Reply)