David: I am here, and on a few other threads, out of a philosophical belief that short selling is as moral as buying long, and is critically important for the proper pricing of securities.
There is not unlimited capital in the world. Money that goes to finance one company, is not available to finance another. Most people like to analyze companies to figure out which ones deserve more capital. Others, called short sellers, would rather analyze to figure out which ones don't. Both are equally valuable, in every respect.
Yes, some short sellers spread false negative stories about companies, but then many companies, financial PR firms, and long shareholders spread false positive stories about companies. I'm against both. They are equally wrong.
Money given to Solv-ex turned out to be money that went down the toilet. Who knows what companies with promising ideas and plans never got financed, because Solv-ex took and spent the money that might have gone to better uses? It is unfortunate that short sellers were not more vocal or more convincing in their case earlier in the game.
Hope that helps you understand my viewpoint. As for personal details, you can check my profile. |
