Price Target Cut 29% by UBS, page-16

But why do you care what is genuine or what is artificial selling?

Surely that doesn't alter the intrinsic value of the business?

As for shorters, if you like the business - and were happy to buy the business at a price of X because it was undervalued fundamentally at that level - then surely you should be happy to buy more of that same business at even deeper discounts to fundamental value?

To that extent, shorters are doing you - as someone desiring to buy shares in a business - a service, are they not?

And to pre-empt any argument that says, "But I am fully invested, and have no more spare cash to buy at the lower levels", well in that case at some stage the shorters will need to cover their short positions and the shares will revert to their fundamental intrinsic value, which is above your purchase price anyway.

So at worst, shorters are irrelvant and at best, they deliver stock to you at lower prices than you otherwise might have paid.

Personally, if I learnt that shorters were targeting a stock that I liked to own, I would be delighted about it, for the reasons described above.

It strikes me as strange that I love shorters; you patently don't.

And yet you and I are both investors who operate on the long side.