Shorting - an unnecessary toolCome on 'shorters' - explain why shorting should be allowed at all.
The only argument I've ever heard put forward is that it allows for shares that remain stubbornly high in price to be brought down.
However, this is a very weak argument since in any market place a 'fair' price is always established between willing buyers and sellers.
The abolition of the 'up tick' rule has only added more fuel to the fire in the current market down turn.
I can give one good reason why shorters WANT the ability to short. Namely - it gives those 'in the know' -
(who usually get market moving news before the average investor) - to take advantage of that information - at the expense of the ordinary retail investor.
Without shorting , the market - and any given stock - would settle at an acceptable price to buyers and sellers.
So 'shorters' - I invite you to shoot my opinion down - giving your reasons !