Here, here!!!
Short sellers imo are the saviors of the Market. They expose fraud, scams and overvalued stocks to newbies by rebutting the hype that goes on so much these days.
The scam artists who pump the stock (including corrupt insiders, CEOs, stock promoters, and even stock brokers) are far more organised. They can realize far more than the 100% potential ROI than a short seller can get. Short sellers are often vulnarable to a squeeze, whereupon the losses can exceed 100%. Shorting is not for the weak of heart.
It's fashionable and typical that especially the uninformed HATE short sellers. More experienced traders learn that the most honest and best of character people in the market are the short sellers, who are rather SICK to death and jaded about all the corruption in the market place. A short seller feels he's getting revenge by profiting from "killing" a rally of a stock which is fundamentally a scam story. I feel morally vindicated when I try my best to expose scams like, GLCCF, KTEL, EGHT, GERN, IBUY, etc., etc..
Here's to the short sellers! Kick the shills of SI, keep the short sellers. |
