Interesting link to Short opposition.... from another bullboard and Thanks InvestorX for sharing:
Quote " I'm part of the petition with the group to stop predatory short selling, which is under the name "Save Canadian Mining"
- here is the link:
https://savecanadianmining.com/ The group was started by Terry Lynch, Eric Sprott and several others. Ever since the regulators removed the uptick rule which prevented shortsellers from shorting a stock that was in a downtrend, the market has become a wild west stituation with a number of predatory hedge funds literally destroying companies. And yes, in the process putting people out of work and many others losing their investments. This does occur, which is why there is a group fighting against it.
Some hedge funds work sytematically in finding vunerable stocks and using hired bashers to add selling pressure to those stocks while shorting the stock. Many of these stocks never recover or simply drop off the exchange.
Now I'm not entirely against shorting a stock, as it does have it's place in the market for bringing some stocks back into line with their peers or weeding out poorly run companies and stock scams. But predatory short selling is a problem which can hit good companies hard.
Like I said, I don't mind providing a little edcuation because I think everybody should be aware that this does occur and the regulators are doing very little about it.
I am aware of a group that does this to stocks with a ton of well-informed bashers which seem to be backed by a lot of money to short the stock. If I ever see them here, I'll be gone because I have yet to see them fail in their quest to bring a stock down. However, we wouldn't be on their radar as this stock has potential to move and is back by good numbers. Though I feel the sooner we can move up to the TSX the better, but it still occurs there too, but with less frequency."