Wall Street Breakfast: Must-Know News [View article]
The idea that short sales are an appropriate component of establishing stock prices is purest BS. Short selling is essentially printing counterfeit stock - particularly when the SEC doesn't have the stones to punish it when done illegaly. If I own a stock and am willing to wait out a problem it is not right that someone who does not own the stock is allowed to sell mine and drive my value down.
Wall Street Breakfast: Must-Know News [View article]
If I own a stock and am willing to wait out a problem it is not right that someone who does not own the stock is allowed to sell mine and drive my value down.