Oct. 08, 2022
October 8, 2022 Short selling is not investing. It's the opposite. It's betting that businesses fail. While some people argue is it necessary for proper price discovery, that is nonsense. If people sell, the stock goes down. If they buy, it goes up. The market is elegant in it's simplicity. If short selling is going to continue, then there needs to be mechanisms to ensure that borrowed shares are properly located and marked. That stocks are not illegally manipulated with tactics such as 'bear raids'. And that the SEC can properly monitor what is going on. Transaction by transaction reporting eliminates the ability to hide within the aggregate. There are numerous companies that have been the victims of short selling schemes but it's not only those companies who suffer. It is the working families that are employed by those companies who suddenly find themselves out of work because their employers got pummeled by short sellers.