RE:Not shedding a tearMarkets are efficient . banning shorting is akin to giving every child an award for participation in sports .You cannot prevent failure from occuring . If a company or an entire industry is failing , well they will be pummeled .The Candian oil stocks have been an absolute ATM machine for traders during the downturn . You have every right to bid them up to kill these shorters but nobody did. I've been on either side . What I disdain is guys making up shite just to short the stock and then calling the media. Then the sheeple go along with him . The opposite holds true. Just because a high profile trader buys something doesn't mean the stock should rise 25% in one day. It's silly IMO.
WINDGOD46 wrote: We hear this Morning that the London Stock exchange triggered the breakers and stopped trading because the Shorts on Nickel were to be wiped out because the market of Ni went the other way. Hope the same should happen with our shorts on oil on TSX and NYSE.