April 20, 2007
I believe short selling should be illegal. It makes no sense that a method of stock price manipulation should be legal, that can force a small company to go bankrupt.
It is also my oppinion that the method of short selling is what untalented people do to make money. It's much easier to guess that a company doing bad will continue to lose share price, than to use talent to figure out that another company is doing well and will continue to do well.
Short selling also goes completely against what stock trading is supposed to be all about...
Buy stock in a company because you believe in them
Sell stock (that you really own) of a company because you don't believe they are doing well
Thank you for your time,
Edward F. Slayton Jr.