This website is aimed at people who are thinking about, or have already set up a self managed super fund (SMSF) or self invested personal pension (SIPP).
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This post was written by mike on August 29, 2008
I don’t quite understand short sellers: think about this:
• AA is a long term shareholder in XYZ so he isn’t doing much with his XYZ share certificate at this moment but he is holding on because he expects, more importantly wants, the shares to go UP!
• BB says to AA “if you aren’t using your share certificate at the moment would you mind if I borrow it so I can short sell XYZ shares – I want to drive those suckers down down down in to the toilet?”
• AA lends the certificate to BB because he thinks this transaction will benefit him
• Why is it that AA is a clever monkey who is currently managing billions of dollars on behalf of other people?