https://www.investopedia.com/terms/b/bearraid.asp
In case you’re interested.. https://link.investopedia.com/view/602a917b648c6029c831fbd4fhe0y.mr0k/bcd322f2
Edit: Reddit needs to fix that shit where (at least on mobile) a random picture from the article is displayed and it dwarfs your actual post. It can be confusing to users.
Here are some tips for avoiding being burned by a 'short and distort' scheme:
- Do not believe everything you read—verify the facts.
- Do your own due diligence and discuss it with your broker.
- Hypothecate your stock—take it out of its street name to prevent short sellers from borrowing and selling it.
-- from https://www.investopedia.com/articles/analyst/030102.asp
Edit: Just noticed this article was last edited January 15, 2021 💎🙌🚀
EDIT 1: Sorry if it's a bit hard to follow, it's a stream of consciousness while stoned situation. But the thought could be important if you can follow my ramblings 😆
EDIT 2: It's also super short.
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If the broker can't answer the question if I own a share, with a resounding YES, then I am probably not a shareholder, right?
If you dive a bit deeper into this topic then you will immediately see that Voting Rights are one of the main perks of a shareholder.
At the time of the GME shareholder voting, many of us pushed our brokers to vote, but they wouldn't let us.
So either they withheld our right to vote, or they declined it rightfully because we are not shareholders.
If the first option is true, then they did something illegal.
If the second option is true, we are not shareholders but holders of a derivative that is stripped of some rights that a shareholder would have.
I have "shares" in my account with Degiro, and "shares" in my account with Saxo. I wonder how they classify me if I ask them.
I like looking around at other users' purchases to see what the best players are doing. This guy bought DRV for $4.66. When I look at DRV's price history, I don't see how that is possible. Can someone explain how they made this purchase?
