In truth, shorting is an instrument thats meant to be used to...

In truth, shorting is an instrument thats meant to be used to hedge against a share price going down... mainly used for commodities to better regulate prices.... (fuel, oil, pork bellys, corn, etc, etc)
Problem with the Asx is that as long as you can "borrow" shares you can short them... now that cant happen until a company is in the top 300... the availability of the instrument is being abused because the ASIC and the ASX dont really know what the cowboys are doing..... its always easier to prey on fear and make prices go down... until theres masive news and the buying tide cannot be stopped by the relatively small amount of shorters shares..... the smart guys make money when the share goes down secure prices low, exit the short positions, load up make money on the upswing the load more short positions and the cycle repeats... they are effectively conning money from retail
shareholders.. i hate them..