Rich Wolf;
I don't want to try to convince you of anything because I am not sure and don't feel sure, myself. But it is a fact that 80% of all short selling is done by professionals not the public. (Based on several SEC studies done through decades.) Professionals do lose but they win more often than they lose. That is why the are professionals. Remember, beneficial interest can be professionals acting on someone else's behalf, with someone else's money.
I remember, back in the seventies, two engineers came up with a device that could be retrofitted to any carburetor and would give most cars, at that time, (big cars) from 80-140 miles per galleon. They patented it and built two prototype autos, as demonstration vehicles, with the carburetor attachments. Apparently, it was small enough so, that even a small company could go into business and start making them and the demand was unlimited. It still is. About one year later Ford bought the patent for 12 million. A lot of money then. It disappeared, never to be heard from again. Not exactly, analogous but it demonstrates how large companies can have strong motives to hold back technological improvement. I'm sure you can think of many, many more.
Bill |
