Well gambling isn't illegal in Australia or the US, or or most countries.
Investing is often a form of gambling if you are expecting capital growth and hoping for a gain at some time in the future. Where there are capital gains taxes it clearly legitimises the activity as well. And of course short contracts can provide some insurance or hedge that a portfolio will be protected against downturns.
So I have no problem with investors being long or short. My disagreement is over the use of resources or tools used by professional short traders to distort the price of particular stocks in the desired direction.
Short Activity in PNV, page-4100
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Last
$2.43 |
Change
-0.090(3.57%) |
Mkt cap ! $1.678B | |||
| Open | High | Low | Value | Volume |
| $2.49 | $2.50 | $2.43 | $2.311M | 940.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17100 | $2.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.45 | 5973 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| PNV (ASX) Chart |