LGL 0.00% $1.53 lynch group holdings limited

disgraceful shorting

  1. 5,787 Posts.
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    Today, after a very good report, with good production, low costs, etc, and with a gold price of about $930/oz - what happens?

    The shorters have a field day! LGL has been pushed down from 2.96 to 2.82 as I write this. Ab-so-bloody-lutely disgraceful! They worry about shorting being targeted against financials such as banks, and the damage that does - hence the shorting ban in the USA. But what about the gold and silver miners such as LGL and CXC? Shorted to buggery, and pushed down relentlessly.

    I have long maintained that shorting is immoral - selling shares you don't own (borrowed or otherwise). Action like this merely reinforces my opinion. I don't buy the weasel-worded reassurances of the ASX that shorting is good and makes for an "orderly market". It should be banned - full stop!

 
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