Which has always puzzled me....Why would anyone willingly lend stock to an entity that has stated outright that they are gong to take the value of those stocks to zero? I understand lending to shorters that cause temp drops, the loaner knows the value will increase over time.
So you make 11% p.a. and lose how much % capital? It's always going to be a negative sum game to the loaner. The loaner can not even restrict their losses as they don't hold the shares during the drop.
I think there is a place for shorting, (not sure about naked shorting), as they do tend to provide a foil to unfettered capital growth of coys that don't deserve it.....But in this case?
Am I missing something?
QIN Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held
