July 19, 2008
short selling has wrecking havoc in the junior mining sector, where I am an investor. The manipulation of prices is unreal. One stock I own has fallen 30% below its book price. From each day's chart, one can easily see someone recklessly depressing the price. If people figure out that the market is no a level playing field, (it has never been, anyhow) but if it's a grossly unfair playing field, why invest? The consequence is that companies will find it harder and harder to finance through stock offering. But I am just saying what you already know. In short, please stop "naked" shorts anyway anyhow you can. Thank you.