Wall Street traders betting against brick-and mortar retailers this holiday season are todays Grinches.
Instead of hoping for the best, theyre wagering sales will slump.
Its a practice known as short selling, where traders sell borrowed stocks on companies they predict will fare poorly in the hopes they can buy the shares back at a lower price, collecting the difference as profit.
Stay connected to the stories and events that make your community a special place to call home.
Subscriptions start at $14.90/month.View subscription options
- Unmatched coverage of Allen County’s local news and sports, a tradition dating back to 1867
- Compelling portraits of our residents, experienced reporting and thoughtful analysis
- Unlimited online access to iolaregister.com and our archives