Hey, I'm not a shorter of shares, but understanding the pros and cons are part of understanding how the markets work.
https://www.investopedia.com/articles/stocks/09/short-selling-ban.asp
The Big Picture: Short selling bans have been utilized from the beginning of the financial markets and throughout history to address abuses like spreading negative rumors about a company to manipulate markets. However, many bans are repealed because short sellers have a significant role in the markets. The SEC identifies their importance based on their:Contribution to efficient price discoveryMitigating market bubblesIncreasing market liquidityPromotion of capital formationFacilitating hedging and other management activitiesLimits to upward market manipulation.
Pretty much an uphill battle by the looks of it, as Shorting the market is looked at as having a significant role in the markets.
Agree it's probably been over done with PNV. If you are correct, then enjoy the ride on the way back up, and be thankful to the Shorters for allowing lots of long term traders the opportunity to pile up on shares at a discounted price!
As DW has mentioned many times, he considers them his friend, and he's made a massive purchase not possible without Shorters.
Good luck to everyone and happy investing.
It's begun- Shorters beginning to close their PNV positions, page-2
Add PNV (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.34 |
Change
-0.020(0.85%) |
Mkt cap ! $1.615B | |||
| Open | High | Low | Value | Volume |
| $2.34 | $2.37 | $2.32 | $2.004M | 857.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2441 | $2.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.34 | 19571 | 5 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$2.33 |
Change
-0.020 ( 1.24 %) |
||||
| Open | High | Low | Volume | ||
| $2.34 | $2.37 | $2.32 | 261156 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| PNV (ASX) Chart |