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keith95
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This is Why I Don’t Short Anything Anymore - Wolf Richter -

... and the bank are often lending shares from an unsuspecting owner .... short sellers do not provide a 'floor' ... that is rubbish .. a short seller wants the price of a share to go to zero .. so if by 'floor' you mean zero .. then I would agree .. but otherwise you are as I said talking rubbish.

That said, I do not have a problem with one person betting the price of a commodity/share going up, while another bets the reverse. Under this circumstance the net position across the two parties is zero .. and should not affect the market itself.

The above, however, is not what happens in practice. Naked shorting is commonplace in the markets, and in the gold/silver markets, paper shorts are reported to exceed physical supply .. which implies a great deal of instability .. and huge profits for those in the 'know'.

Moreover, the 'lending' share business earns hedge funds billions of dollars ... and that money comes from the pockets of the unsuspecting .. ie those who have their assets loaned without their permission.

Once a hedgie takes a sizeable position it is no coincidence in my view that papers start talking a share down ... in other words - in the world of media and mass communication manipulation is rife.... all of which needs to be reigned in.

Commented 3102 days ago

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Beginning of the headline :The moment of maximum pain. Goldman Sachs called for the end of the epic short-covering rally that had whipped crude oil, oil & gas drillers, and the broader markets into froth over the past three weeks. As if on cue, the rally started to unwind today. But it was scheduled for demise from get-go. When oil fundamentals are this terrible, they eventually rule. And here is what that rally did: It inflicted maximum pain and destruction on the short sellers that had piled into the trade. Last week wa... Read More

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