Yep, the sooner us ordinary investors realise the system isn't perfect (in other words, rigged), then the sooner we can begin to understand that we are all pawns in a bigger game.
All we can really do is understand fundamentals, and patiently wait for the tide to turn. We don't have the ability to steer share prices or alter the game, and we are nowhere near as connected as all the institutions and brokers.
And I really like your point about ASIC not handing out reverse speeding tickets - surely they should be able to cap the amount of shorts on a particular stock? I don't think its healthy for a market to allow more than 15% of a stock to be shorted, it defeats the whole purpose of a valuable investment - isn't the whole idea that we all buy into a business as owners to all succeed together?
When the market becomes a casino and allows too many institutions to target and short a particular stock, it really does ruin the entire ethos. We got rid of naked short selling in 2008, but now we should aim to restrict individual shorts on a particular business.
MYR Price at posting:
$1.46 Sentiment: Buy Disclosure: Held
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