All this whining about shorts lol 😉 I'm at the desk from 4 AM in pre-market. I'm genuinely able to grab shorts (early in the move) at $0.0005-0.005 per share. But yeah, fair point if I were rolling out of bed at 7 or 9 AM, most of those locates would be 10x or just gone.
Not sure how far back people's memory goes here, but low floats and micro low floats always had limited SS availability or came at a high price. There are specific tickers that, going back years as far as I can remember, have always had expensive borrows.
Honestly, I don't know if some of you would've survived mentally starting out in 2007, or even 2015, when "hard to borrow" and "locates" were barely even a thing. 🙂 Most names were ETB. We adapted to all those changes. It is what it is, that's the market. Chins up, ladies and gents 🙂
I get the sense that some people have gotten too comfortable with one specific broker. Worth shopping the market around - a broker that seemed cheap 2-3 years ago might just be expensive today, with damn few locates available / or pricey shorts. The way I see it, if you're grabbing up to 50k shares short and you're fast about it, it's really not that big of a deal. But ordering hundreds of k in SS on a low float / micro float - yeah, then probably is.
From my perspective… over the last 20 years I really got used to 90% of my trades being shorts. Back in 2024, if I hadn't changed that up (and that's a serious piece of work, both mentally and strategy-wise), I'd probably be damn frustrated today too. The money is out there plenty of guys I've been trading with for 10 years are sitting at their ATHs. But you can't always anchor yourself to your best stretch, sometimes you've gotta take 3 steps back to really break out hard afterward.