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5:00Short Selling: Borrow, Sell, Pray
Selling something you don't own is legal, common, and occasionally catastrophic. Here's the borrow machinery.
A short sale is a bet that a stock falls. But you can't sell shares you don't have, so the whole trade rests on one thing happening *first*: borrowing the stock. Get that wrong and you can't sell, get squeezed, or get bought back at the worst possible moment.
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