To be clear, generally the notion of going short entails selling assets, usually securities, that have been borrowed from a third party, with the intention of buying identical assets back at a later date to return to the lender. The nature of a short sellet is to profit from a decline in the price of the assets between the sale and the repurchase, as he will pay less to buy the assets than he received on selling them. Conversely, the short seller will incur a loss if the price of the assets rises.
Mr. Roberts, it was not intended to be an answer to the entire question, but an answer in part to enable us to be clear on the nature of short selling. Was the above description consistent with your understanding of shorting stocks?
I understand, the point in me asking you these questions is to be clear on your understanding. Unless you were mislead about the concepts involved, your loss on the fund would not give rise to a legal action. A judge would summarily dismiss your claim under the logic of the risks associated with investing and the notion that "it was not supposed to decline" would not be helpful unless you were offered a written assurance that the fund would not lose value.
yes!! and there were some that knew they were piquidating, but i didnt, !! That why i said they stole my money. They knew the price was going down, but allowed me to buy it
Attorney
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