Therefore short selling should be difficult. We need at least need an uptick rule. The pirates of wall street have been the benifactors of the last 2.75 years without it, not pensions, not widows, not orphans, not company empoyees. Actually while the SEC was busy working for hedge funds over the last few years they have missed the biggest ponzi schemes ever. And most of these scheme did not take down any wall streeters, they took down the weak and innocent.

Also we should change deliver date of short sales to market-close instead of 3 days. This would reduce naked shorting and make it more difficult. The practice is said to be illegal, have you ever seen anyone go to jail for it?

Therefore short selling should be difficult. We need at least need an uptick rule. The pirates of wall street have been the benifactors of the last 2.75 years without it, not pensions, not widows, not orphans, not company empoyees. Actually while the SEC was busy working for hedge funds over the last few years they have missed the biggest ponzi schemes ever. And most of these scheme did not take down any wall streeters, they took down the weak and innocent.

Also we should change deliver date of short sales to market-close instead of 3 days. This would reduce naked shorting and make it more difficult. The practice is said to be illegal, have you ever seen anyone go to jail for it?

I had a newbie trader tell me, “Don’t you lose money in this market”,

I replied “not if your short”,

he replied in an all-knowing-expert-confident way “Oh, so you don’t mind screwing somebody?”.

I actually dignified their reply with a rebuttle, which silenced them completely;

“Who am I screwing? Investor who chose a shitty investment? No. Shares would have fallen anyway, as I sell, then buy…it cancels out and is zero sum. The company who sold a piece of their declining cashflows to the market? No. Who? WHO? WHO DO YOU THINK I’M ‘Screwing’? ”

Crickets. They had, no answer.

I had a newbie trader tell me, “Don’t you lose money in this market”,

I replied “not if your short”,

he replied in an all-knowing-expert-confident way “Oh, so you don’t mind screwing somebody?”.

I actually dignified their reply with a rebuttle, which silenced them completely;

“Who am I screwing? Investor who chose a shitty investment? No. Shares would have fallen anyway, as I sell, then buy…it cancels out and is zero sum. The company who sold a piece of their declining cashflows to the market? No. Who? WHO? WHO DO YOU THINK I’M ‘Screwing’? ”

Crickets. They had, no answer.