Waiting on some positive news, page-21

longorshort, talk about being biased by sentiment! But instead of emotionally wedded to a stock/company, you are wedded to a practice that is questionable at best. Worse, you seem to be relying on a fictional movie to justify your actions!

Instead, try reading empircal research on the effects of shorting (both for the market and shorters). Read up on why investment houses are moving to dark pools (even when illegal -- see last weeks' news on Barlcays' fine for using a dark pools). I also suspect the rise of private equity investments among OZ super funds is in part to avoid the amplified noise from short selling (now 20-30% of daily trades for many ASX stocks). Consider that the most successful financial institution in OZ probably would have gone under during the GFC except ASIC temporarily banned short selling of OZ financial institutions.

Then there is the deepest argument of all: The ASX is designed as an investment market -- transfer of capital from investors to firms to build and maintain their business in return for future financial benefits (cap gains, dividends, etc). Short selling doesn't involve investing, so does not belong in this playground. Period.