Exactly
It seems a mechanism designed to abuse.
Buy lots of share X, price of share X goes up, short lots of share X then straight away sell your large amount of share X, price goes down, so you make money on the rise and the fall.
The money comes from somewhere, and usually it means some real person just lost their savings.
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My Name was saying these words inside your head on, Thu 28 Jan 2021, 12:04,
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That's the other side of this. Those hedge funds aren't just using the money of billionaires, they're often heavily invested in by pension plans.
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evil_andy Stick stick stick stick sticky sticky stick stick, Thu 28 Jan 2021, 13:40,
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I would seriously hope that my pension isn’t invested in such risky ventures.
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wheresthefish Partly filled with wrong, Thu 28 Jan 2021, 13:49,
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My company's pension partner talks to us quite a lot about this.
They regularly ask us about our attitude to our pension investments, asking us if we're interested in a high-risk, or low-risk model, and such in-between.
It's definitely a conversation worth having with your pension provider.
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Extinct Jesus Dossier "...I think it counteracts Hitler's magic...", Thu 28 Jan 2021, 15:51,
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pffft, course not, would they risk that just for money?
Yes
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FeralCatMan Unusual disease collector., Thu 28 Jan 2021, 16:04,
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