You can't assume the shorters are playing the same game as you. Your a herbivores, you hope the SP goes up to make a profit because the company is good, and the gain is justified....and no one gets hurt.
The BB, MM and shorters are carnivores, they don't give a damn about the company ...they just want to eat you (financially), and any blood is great.
Why do retailers think that the market is one level playing field and that all players are after the same goals.(oh sorry OK ASIC,..but besides them?)
The BB and the MM use the share market as a medium to take others money (a legal scam)...they don't give a toss about the success or failure of the underlying stock. If the company goes broke because of their actions ,...tuff titty.
These are not nice people... and the game is tilted in their favour,... If you thought the USA wouldn't put themselves in to a GFC, then please believe me...if the MM and BB distroy the incentive for retailer to partake in the share market...they couldn't care less.
If the government wishes to maintain the share market as the mechanism of investment for Australia...then they need to change the system...otherwise hopefully some smart person will set up an alternative market system where companies and investors can feel safe from these parasites.
LYC Price at posting:
56.5¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)