I have a question for you concerning your posts calling the shorts "cartels of shorters" and labeling their actions "collusive" actions.
Is the practice of buying or selling of securities in an orchestrated manner, by an organized group of people for the express purpose of driving the price down prohibited by the SEC?
If it is, then what difference does it make whether or not the stock is a scam or isn't a scam, it's overvalued, undervalued, or tastes just right?
This sounds like manipulation of prices to me, and that stands alone as being illegal. As far as I know there's no justification for that kind of behavior, I mean if the SEC charges you for doing it, I don't think you can use as your defense, "well the stock was a fraud, run by paid touts".
As far as outlawing shorting in it's entirety, I don't know if that could be done in the U.S. at this point, but I don't think people can say unequivocally that it would harm the markets, since it's never been tried as far as I know, and so there's nothing to compare to, and there's no data to evaluate to see the effects of having a no shorting situation vs. a shorting situation.
I posted in an earlier post that I think that things need to be adjusted, since I think that things are too lax for the shorters, and that information about short positions is being delayed from being accessable unnecessarily. (and a few other things that I think should be done)
Shorters have the privilige of being able to create shares, and for that privilige IMO things should be tougher for them. |
