No, I didn't say shorters purpose is to protect SHs.
From regulatory and market dynamic, their purpose is to be counterweight against opposite side of manipulation, fraudulent behaviour. And to balance out market supply/demand.
They do uncover a lot of fraudulent behaviour by directors/companies as it is. Any director knows there are hordes of shorters going through their reports, looking for stuff. It makes regulators life easier as they don't have to police the market and spend billions on it.
As such, I repeat: good luck with regulators changing their stance on shorting practice.
From investor perspective: who the f...k wants their stock to be shorted? I Certainly don't, it doesn't help me personally to be in red.
I didn't say I like my stock being shorted, I said I understand why regulators don't ban it.
The Impending War Against Short Sellers, page-84
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