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Inability to short certain stocks?


Don Coglione
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I use the IG spread-betting platform to short (and, occasionally, go long).

Why is it that, when an obvious dog-shit stock jumps, I am unable to short it, despite being able to go long? I imagine there is a technical explanation, but I have missed some clear killings.

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1 hour ago, Knickerless Turgid said:

I use the IG spread-betting platform to short (and, occasionally, go long).

Why is it that, when an obvious dog-shit stock jumps, I am unable to short it, despite being able to go long? I imagine there is a technical explanation, but I have missed some clear killings.

Has it got a forum I’d check there

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1 hour ago, Knickerless Turgid said:

I use the IG spread-betting platform to short (and, occasionally, go long).

Why is it that, when an obvious dog-shit stock jumps, I am unable to short it, despite being able to go long? I imagine there is a technical explanation, but I have missed some clear killings.

I don't know the workings, BUT I think they must have a computer that can calculate the probability of a stock falling. If it is high, and too many people are also short, there will be "no more bets".

I've tried shorting specific shares that are already down trending, or making new lows, and they will only let you do daily funded bets which costs you each day to run if you are in the money. This makes it more risky to short that way.

 

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2 hours ago, 5min OCD speculator said:

cos IG are a bunch of crooks......I know cos I use em too 

Let us know what you're gonna short next and I'll give it a whirl from my end...:P

I have my suspicions, I must say...

I fancied a pop at BLNK on Monday, would have cleaned up on Tuesday. Any of these bullshit firms riding on the back of the Tesla bubble are fair game, in my opinion. I tried a while ago to short NKLA when fraud allegations first surfaced; again, some cunt made a killing by going short, but it wasn't to be me!

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On 23/11/2020 at 20:25, Knickerless Turgid said:

I use the IG spread-betting platform to short (and, occasionally, go long).

Why is it that, when an obvious dog-shit stock jumps, I am unable to short it, despite being able to go long? I imagine there is a technical explanation, but I have missed some clear killings.

Risk management on their part. They don’t hedge the positions so are taking the other side of the bet. If too many people are short they’ll stop any more positions being opened.

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Just now, Castlevania said:

Risk management on their part. They don’t hedge the positions so are taking the other side of the bet. If too many people are short they’ll stop any more positions being opened.

Does that not seem rather unreasonable and one-sided? Doubtless it is buried deep in their Terms and Conditions (which of course I have not read in full!).

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18 minutes ago, Knickerless Turgid said:

Does that not seem rather unreasonable and one-sided? Doubtless it is buried deep in their Terms and Conditions (which of course I have not read in full!).

They’ll tell you that they’re just a market maker and only make money from the spread and “funding” charges. It’s all bollocks. They don’t actively hedge - in a perfect world all the people long would offset with people being short, but this is rare. In addition the funding charge is purely made up. It’s a great business to be in.

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