Daily Discussion, page-3810

@Lady Penny

Have you ever received a reply from the powers that be? ASIC seems more interested in stamping out up-ramping or pumping up a stock and are not so concerned about shorting as shorting apparently provides liquidity in the market and true value discovery?

I don’t think true valuation discovery applies that much anymore given the sophistication available in shorting a stock. How is smashing a stock from $1 down to 10c finding true value through shorting?

If they want to hold ‘pumpers’ and ‘up rampers’ to account because it unfairly targets mum and dad investors who get sucked into FOMO, then they should also hold to account the blatant ‘down-ramping’ shorters, who also pump a stock then take out a short position on it, then downramp it to death so they can rip off mum and dad investors.

Sigh… At the end of the day, I’m here for one reason. Long term gain. That comes with some pain and a fair amount of patience but has more long term financial benefit IMO. Hope your letters go well. GLTAH