April 29, 2009
I am just an average investor who has held 20,000 shares of Regions Financial all the way down to 2.35 and back up again to 7.75 only to sink back to below 5.00 a share. Today (04-29) most of the banks went up while Regions declined. The Mad Money Cramer has trashed the regional financials and suggested short selling them.
Several friends and I have been loyal to Regions, even after they cut the dividend to .10 and then .01, but we are fighting a daily battle against short sellers. The short sellers suck all the upside potential of the day and leave long term investors begging for mercy and the hope to sell with a fractional recovery of what has been taken from them.They zoom in on a stock like Regions when bad news hits and upside potential is limited near term, then WHAMMO Sell stock you don't own but takes the profits as if you had.
Why should we continue to put ourselves on the line as targets for the shorts? This has to stop. Shorters are destroying the entire banking system and taking tax paypayers money, as they have us believe they are benefically adding liquidity. As small investors,We think of throwing in the towel everyday, only if we do, we won't be back again, ever.
I have thought about selling my neighbors house and cars, even though I don't own them. After all, I would be adding liquidity , so I would be helping him, wouldn't I?