RE:Should Borrowing Shares be Outlawed?Well let,s look at it from the surface with avaiable information,
Short positions are reported every two weeks. Now is that what has transpired over those two weeks? Or is it simply the closing amount of that time frame. IE: say the position is x amount of shares as of last report and it goes up 1% on the next report. Yet in btw these trading days it perhaps goes up by 5% etc and is covered to show 1% I dont know that answer, yet it begs an answer.
Borrowing shares from the existing float in essence is dilution in that period of time. Yes there are risks if it goes against you. Which by design makes it very unnatractive for the lil guy. You cannot move the market as we have witnessed there system over the past couple weeks to a profitable end. Nor do you know how many shorts are there, stop losses etc. I remember years ago in my brokers office and we were watching trades go by and i asked why do those trades have a marker beside them, his reply was any shares with restrictions get flagged. In other words a Limit order, stop loss order, etc is flagged and they know the exact strike price. Of course thats going back to the 90's .. Things may have changed.
The only value of short selling under there rules is for profit and to limit or destroy companies abilities to finance or move a business forward it's that simple in my opinion.
What should keep people focused for change is they are using your shares to limit, profit etc ( as above) Salt to a wound so to speak.
Hopefully the movement to keep this in the light only grows, hold the politicians feet to the fire for change. Peacefully, cause in any other form they will use against you. They do not like being in the light, shine it brightly..
Just one old guys opinion.