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I cannot short sell you house or any other asset in the world....

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skinsy11

2,636 Posts.

318

09/03/23

15:23

Post #: 66680583
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Originally posted by Surfguy: ↑

I found another hidden gem in WBT. Up 10% today to near $9 another all time high but what should warm all ISX holders hearts is that shorts increased substantially last week as WBT was added to the MCSI and ASX 300 indices.
Happy to inform that they got murdered today. Short selling is nothing more than legalised fraud designed by the big end of town to create volatility(they call it liquidity) to drive profits for trading houses and MO's at the expense of the saps, us retailers.
You rent a house(asset) and sell it you're going to jail, rent a car(asset) and sell it you're going to jail but you can legally rent financial instruments(asset) and sell them. What a crock. Human nature ensures the system is gamed as per ISX.
800mill shares traded in 4yrs before OM short report and 400mill in 4 weeks after it. If that's not market distortion on an organised industrial scale I don't know what is. You won't find that info on a chart now as none exists for ISX. All previous data wiped conveniently.

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I cannot short sell you house or any other asset in the world. Not even unlisted securities in companies with functioning businesses. As you suggest it is a fraud.

SP1 Price at posting: $1.07 Sentiment: None Disclosure: Held
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