Feb. 25 at 12:24 PM
$BINI hey, simple truth 🤷♀️
I sell you a borrowed share at 8.40. I now have 8.40 in my hand in cash and you hold a borrowed share.
That borrowed share now costs me 8 cents to replace.
So 8.40 - 0.08 = 8.32
8.32 / 0.001 = 8,320
8,320 days to exhaust the short sale proceeds - your money - before the carry costs me any money I had before I shorted …
Nearly 23 years …
Do you think the carry is actually coming out of my pocket, or out of the 8.40 you paid me for your borrowed share? 😎
God I love this game