Sort selling is evil and should be banned unless ASIC decides to police the share price manipulation that is happening
- by far the majority of shorting is for manipulation of the share price
- if the manipulation is too hard to police then banning shorting would be better that the current situation
- if making a market for some shares is seen as beneficial, then define those shares which can be shorted
- short selling is artificial, why should anyone be able to sell something they do not own
- borrowing does not solve the problem, it just supports it
- the very fact that large numbers of borrowed shares can be sold without creating any buying pressure is what makes it easy for shorters to push the price down so that they can cover their borrowed shares cheaply and get huge profits (and when the price rises, repeat the process over and over)
(20min delay)