Hey everyone,
I can't tell you how sick I am about hearing about how evil people who short sell stocks are. Apparently, its okay to think a company is going to appreciate in value...but oh no!
Companies can't decrease in value!
You shouldn't make money over their demise! That's terrible!
I'm just jealous that you weren't mesmerized by constant refrains of buy and hold like I was!
If it weren't for the short sellers, the stock market would have made me a TRILLION BILLION GAZILLION dollars by now!
These incredibly narrow-minded attacks towards short sellers are simply people venting about the fact that they couldn't see the crash before it happened.
What happened to their glamorization of Warren Buffett? What happened to riding out the drops and enjoying the bumps?
My point in all the above sarcasm is that betting that a stock is going down is just as legitimate as betting a stock will go up. Plenty of traders use margin (def : borrowed money) to buy shares, betting that they will appreciate and they can pay back the loan.
What is the moral difference between borrowing stock to sell as opposed to borrowing money to buy stock? I can't see one.
The stock market isn't about making a point or proving a new statistical analysis tool. Its about MONEY. Its about profiting off of the rise AND FALL of companies. Or betting on the rise and fall of the economy of the United States.
Stop complaining about short sellers. It doesn't make your returns any better.
-Mansij Hans, E.I.T.
Member, Intigril Capital Management
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