Mate, its just a game of percentages. It doesnt really matter that its a 4c stock. To go to zero is a 100% return, to get the same return if long the sp must go to 8c.
A shorter may be happy(as most would) with a 25% profit, it 4c down to 3c. The equivalent for someone long would be to go from 4c to 5c.
Its an investment like anyone elses. Its neither right or wrong. Its not immoral and the asx limit the amount of available stock in a company that can be shorted to prevent the short pussing the sp lower. So really nobody gets hurt.
Shorting is important, particularly for the asx to make money, but keeps liquidity and the market moving. People need to be able to make money from both a rising and falling share price, otherwise the sharemarket might as well close in bull market.
Whilst shorting in itself is not immoral or negative, down ramping is. But up ramping is equally as bad.
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