Art G will help you.............
No, no I wouldn't. I'm used to people I can reason with.
No Art, your used to people who aren't paying attention.
Not me Art, I have a friend at a hedge fund.
Hamlet, I believe you're confusing the issue of shorting a stock vs. naked shorting a stock. The problem isn't with the shorting, it's with the lack or rules for hedge funds. Let's look at the other side, assume for a second they could buy a stock without ever having to pay for it. Don't you think the share price would rise? Would this distress you at all?
I don't have to speak to anyone. I know what your all about by your posts.
I'm sure we both have names for each other.
I agree that naked shorting shouldn't be allowed.
The uptick rule is a separate issue, though. I don't see any real reason that you should be required to wait until the price goes up a little to short a stock. Do we require people to wait for the price to go down a little to buy it?
I really wouldn't care about hedge funds if it were possible for them to stay in their hedge-fund sandbox.
To be honest, I'm a bit surprised that a administrator hasn't warned you to stay on topic here.
Speaking of marmots, where's a pancake when you need one? We've got our hands full keeping ourselves on topic, let alone the rest of the community.
Let's give a good example of the issue... and the potential pitfalls..
Though this was not a hedge fund, IIRC the Hunt family decided to corner the market on silver... the price skyrocketed to an unbelievable price... heck, my brother was selling anything he could find to make some money..
But, this could not go on forever and the price spike was corrected and silver came back down to it's 'real' price... and the Hunt's got clobbered...
So I can see where a hedge fund can affect the price with short sales (naked or clothed ) in the short run, but the fundamentals of the company will win out in the long run. And if the fundamentals are BAD, well, then they are right are they not? And why should they not be able to make money on a company that is way overpriced?
What a lame excuse for a thread:
Inane proposition put forward with no supporting details or evidence. What should be done to fix the alleged problem? Discuss.....No thanks. I have better things to do with my time.