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If we sell a hundred shares at fifty dollars a share, then we put five thousand dollars in our pocket. The person that we borrowed the stock from will need us to pay it back at some point so we'll have to go into the open market and buy shares to give back. If we could buy them in the open market at a later date for thirty dollars a share then we'd have to pay three thousand dollars and we could keep the difference or two thousand dollars."Karen said, "That's selling short and has unlimited risk because if the stock goes to a thousand dollars a share then it would cost us a hundred thousand dollars to buy it back and we'd lose ninety-five thousand dollars." There's unlimited risk in selling short, there's also interest paid on the borrowed stock, commissions on the buy and sale transactions, and I'd expect that the brokerage firm will want to hold most if not all the money from the sale to make sure you have it when it comes time for the purchase. All of those are negatives, but the. You don’t have to be nice to me, but you are. You don’t have to play with that obnoxious kid in apartment 2-H, but you do because you know he doesn’t have any friends.’ His smile is all weird. Like he’s forcing it, like he’s really uncomfortable. Oh, God, I’m fucking this up! ‘I mean that all your features are kind of mismatched but together they’re so good. Do you know what I mean?’ Graham takes a deep breath and smiles on the exhale. ‘Yeah. Thank you. You’re not so bad, yourself.’ We start walking outside but my drunken self feels like she hasn’t made her point- and worse, that she’s insulted Graham. So Drunk Ginny decides to point out her own flaws. ‘I have the biggest mole on my back. It’s really gross, actually. When I was fifteen I seriously considered getting it removed.’ Graham’s bellowing cackle is loud and echoing through the street. ‘Oh yeah? That’s kind of hot.’ He squeezes my arm. ‘You know, I’m impressed how clear you’re able to speak when you’re trashed.’ ‘I’m not.
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