I am told these shorters borrow stock then sell it down in the hope of decimating the stock, then buy the stock back at a cheap price, then return the stock to the Lending party, to whom they pay some small fee for the privelege. They coincide this with an orchestrated effort to publicly defame the stock or put jitters through the market. A great example of this caper is Enron. I guess most of you knew this, but just in case you did not.
Frankly, it should be outlawed. It is market manipulation and just plain un-Australian. And the Lenders should also take a good hard look at themselves.
For we retail Investors, that is what we are up against. Not easy!
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19 | 210167 | 2.800 |
25 | 242654 | 2.790 |
35 | 230901 | 2.780 |
14 | 300679 | 2.770 |
Price($) | Vol. | No. |
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2.830 | 68032 | 12 |
2.840 | 118501 | 17 |
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