FullReversal wrote: As a regular, little, buy and hold investor, it's pretty clear to us that short selling has gone out of control. That and derivatives/CDO/tranches is what created the Financial Crash of 2008/2009. And the general puvblic is too financially naive to be outraged.
The average people think it was the overextended little guy buying multiple houses but all that was fueled by wall street pushing it and they developed toxic packages they offloaded to fund managers in country like Iceland etc.
Unless governments and regulators fixes it, it will take down the whole markets at the expense of retired people and true investment funds. Wiping out regular people just like the financial wall street meltdown did. Short sellers are cancer to investment. Pure and simple. They are anti-investment and big money is abusing it as we see here. Completely obvious.
The only people who supports short selling are people in the financial industry because it gives them jobs and money at our expense. As an investor, I don't care about liquidity or price support. Wall Street does because it gives them jobs. You traders love it because it creates volatility and even saavy self investors are lots in all your trading games.
In a true marketplace, If people want the product, they buy, the price goes up. If people want to sell the product, it goes down with demand. Right now, we have groups going long, artificially running up stocks. Then turning around, and short selling the stock.
It you look at many pharma stocks, that's the game here. And as a regular investor, I can tell you that everyone I know except one trading friend and some somewhat interested regular investors know what short selling is. Everyone at work knows nothing about shorting, most have regular mutual funds and don't even self invest. Walk on the real street and pretend to do a survey, ask the average person, do you know about the stock market and investing, you might get 20% that say yes. Ask do you know how short selling works, you might get 5%, ask do you know who options work and you might get 1% of the average person that knows.
So traders, go ahead and chant your support for shorting. That's what gives you jobs at the expense of the everyday investor and true financial words. That's why some of you are here 24x7. What's most sad is that it kills true public investment. If I run a business, why would I list it if all I have to do is get the wrong short sellers mad and bam, they go after my business. Or a competitor hires a crooked brokerage firm (that seem to dominate these bullboards at times) to take me down?
I have never, ever shorted. And I'm seriously considering pulling out all my market investment to invest in true assets like real estate but I'll wait for the next confirmed bear market. There is no short selling in real estate, no fake paper etc and it's a lot more sane even in very hot markets which are perceived as insane by the general public. True market forces of supply and demand takes place. That's why we need. Canada should setup an exchange with NO SHORT SELLING! I bet you that smart business would list there and who cares about "liquidity" I don't. I want to buy a stock and not have to micromanage it like all you traders seem to do all day! You are completely unproductive to society. If you have children, you'd have to lie and spin the truth to explain what you really do!
As all you daytraders and manipulators of all types here are showing, you are rendering investing toxic for the everyday investor. If short sellers didn't invade these discussion boards, we'd have intelligent discussions. Now we have useless name calling, obsession about professional short sellers do it solely for money. You guys will burn in hell, no money will help you there.
Now, the way I deal with short sellers, since I can't beat them and I refuse to join them as a true investor. I follow contrarian traders who are able to deal with you low-lives.
For Concordia, I have a feeling that you will make some of the new entrants here a lot of money. Patience is the name of the game here. Don't trust anyone unless you carefully follow their track records, or better yet, know and trust them in person.
If, and that's a big if, Concordia has issues, people would have sold and the stock would have gone down. Instead we have 30%+ of the shares which have been sold and the true owners of those shares don't know. All they know is the paper they hold is worth much, much less because their shares were used against them.
Sad, sad state of affairs here. And I don't even own any shares. I did, sold on all the rumors and am just watching to benefit from the carnage created by these "market players".
Now, let's see how many traders get really upset at this post and start attacking me personally. That always happens but I know you are low-lives. I'm not.