"Those who own a title to a car , a house or a share in a company are plain stupid to rent out possesion and allow others to destroy the value of the thing . "
mate i agree with you 100%. But heres the thinking;
The guys who lend them out are often big hedge funds or super funds, these guys have told their investors 'look we'll give you 15% return per year' its a long, slow, steady investment.
Then the hedge funds go to shorters and say we'll lend you our stock for a fee. The let the shorters do as they wish knowing they hold enough shares to ultimately call in the shorts and get the price up to alevel before the year is out and can report back to their investors and say heres your 15%. The fact the SP swingly wildly inbetween at times devalueing their holding doesn't matter because they dont need to account for it in between. they just want the end result and if they can make fees in between BINGO!.
Now when you add to that some "shonky" directors doing teh same thing, they too hold long term personally. Maybe for 5 or 10 years at a times. By lending their holdings to shorters they also make dollars inbetween.
Thats why these shorters are getting up in arms, its easy money for them. They aren't intersted in the sharholders trying to invest inbetween their plans.
