Thanks, Mightyatom. The more one thinks about it, the more reason there is to think that shorting should be banned. Take a not-too-big company that needs to raise cash. When they announce the price of a new share issue, shorters can pump shares into the market and drive the price below the issue price. That makes the new issue unattractive, so few will take it up, thus starving the company of its needed cash and damaging its business. Big win for the shorts, but economic destruction for everyone else.
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Thanks, Mightyatom. The more one thinks about it, the more...
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