Can you sell a thoroughbred short?
From today's WSJ:INVESTORS who sell securities "short" borrow stock, then sell it, betting the stock's price will fall and they will be able to buy the shares back later at a lower price for return to the lender. A page-one article Saturday about a Kentucky Derby fan who is a short seller incorrectly said that borrowing money was part of the process.
Borrowing money is, however, typically part of the process of betting on the Kentucky Derby.
Kentucky Derby, Wall Street Journal, errors
posted by Unknown @ 5/09/2006 09:07:00 AM
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