Guys, a little bit of basic research before complaining about shorters. Short positions have been trending down since the mid last year https://www.shortman.com.au/stock?q=sxy
Whether you like it or not, short sellers are part of the market. The best you can do is take advantage of the low prices they offer up if you believe in the fundamentals of the business. If you are a value investor and don't plan on selling anytime soon, then who cares what the share price does if the fundamentals are sound? (If you're a trader different story I suppose, but I'm not so I won't comment there).
Just be patient and stop obsessing over the daily share price movements. As the great man Buffett says "In the short-run, the stock market is a voting machine. Yet, in the long-run, it is a weighing machine."
In the meantime, maybe go for a nice walk
SXY Price at posting:
21.3¢ Sentiment: None Disclosure: Held
