These conditions are nonstarters to me and why I have never shorted Barnes & Noble, which has always had a questionable business model.
This morning, Barnes & Noble's shares have more than doubled in premarket trading.
If you must short a stock with a high short interest relative to the company's float, elect to buy puts and define your risk.
Otherwise, shorting heavily shorted stocks can be harmful to your investment and financial well-being.I know; I have the investment scars to go with that experience! At the time of publication, Kass was long Microsoft shares and short Microsoft calls.
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