Shorting stocks in australia is basically gambling UNLESS you're one of the market makers... the stock market dictates that the shorts must be covered by an actual stock position held by someone... so who on earth would buy stock with the intention to lose money?? No one right, unless they could drive the stock down with some volume and pick up all the stock cheapery and return the position at a lower cost.. they play on fear and stop loss triggers in Oz, the asx is basically set-up for rorting by cowboys because they rarely suffer penalties.. so if a stock gets picked on there's SFA that can be done about it.. even if people stop selling, they can drive the price down on their own, and drag the weak hands out...
one good thing though,if some good news comes and the price surges, the losses for shorters can be limitless..
so if mister Ed was indeed a shorter, I doubt very much that he would be on this forum..
FWIW people that comment on stock they don't own(or have a financial interest in) are just weirdos.
IHL Price at posting:
52.5¢ Sentiment: Buy Disclosure: Held
