RE:My view of shorts...vonSachsenanhal wrote: Star,
I agree with almost everything you've said on this board and am very grateful for your very well thought out views on Bombardier's stock. However, I don't agree that shorts and longs are quite the same kind of players, just here to earn an honest buck. Some of us longs occasionally become pumpers (usually inadvertantly) because of our enthusiasm for the company. Shorts on the other hand quite deliberately use a package of dirty tricks, including innuedo, rumours and downright lies to part "widows and orphans" from the their long-held equities.
It's just incredibly dishonest how they beat up Bombardier to the point where people who have held onto this stock for years have thrown in the towel fearing the company was about to go bankrupt.
Look no further than what they just did after the reverse split, driving the stock down into the 70-cent range where many small players finally capitulated.....only to see bbd.b soar a few weeks later when the shorts covered and pocketed their gains. F-ck the shorts!
You got that absolutely right. I went through a serious short attack on my Home Capital Group (HCG) stock starting in April 2017. They were paying a good 5.5% div at the time so I bought in just before the short attack started. I should've done a little more due diligence before buying in too much, but I didn't--I wanted the div.
A failed hedge fund manager based in San Fran., Calif. decided that he had inside information and that he could "rescue" us poor peasants from the rot and corruption that he claimed. Nothing was further from the truth; in fact, in retrospect, believe just the opposite.
Eventually, I averaged down and then sold at a pretty good profit a few months later. I did lose some sleep as I was down $120K at one point, but, as I said, I averaged down and recouped my losses and then some. I learned a lot about "naked short selling" and where to find the latest short data and how shorting works in general etc., so the BBD shorters didn't worry me at all. Years ago, early on in working days, I thought the stock market was supposed to be an auction market--it isn't and has not been for a long time. You probably have more integrity at an antique auction nowadays.