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When you short you borrowed shares from the broker and sold it to the market. During this time you'll pay small margin interest for borrowing those shares.To close out the position, you have to buy back the shares from the market. If the sold price is higher than current price then you're in the money. If the sold price is lower than current price then you've lost money.
First of all, you most definitely did not short 1 million shares and if you did, your broker would have people dedicated to making sure you understand these questions.Also, judging by some of your posts, I don't think you could have figured out how to sign a margin agreement.
The question was not how to make money shorting, but with all the rights issues do I owe them anything if I get out of my position right now. (How do you sign that margin agreement?)