By Pizza Hardman Darren Atwater | Monday 17 April 2017
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
There were a raft of quality entries in last week's Bulletin Board Moron of the week contest sponsored by Master Investor, as you can see HERE. But the clear winner was prolific LSE moron Fonters, (submitted by Juicin Drumroll) who seems to think that those who shorted Worthington shares will find its liquidation a bad thing:
Anyone with a spreadbet short - ie a bet, could close it easily according to their brokers rules. But anyone who has actually shorted the stock - sold shares they have borrowed cannot close. And even in WRN ceases to exist at all, they would still need to find the newco stock to pay back to the broker they borrowed the shares from. lol.
Good luck in your future investing endevours, Fonters. The Job Centre opens at 9am.
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