Short Selling

Reader comment on: Einhorn Versus Berkowitz

Submitted by J.Johnson (United States), Oct 14, 2010 21:49

I've been trading on the NYSE since 1971, buying, selling, shorting and covering millions of dollars in stocks over the years. I am at a total loss to understand Future of Capitalism's continual hostility towards short sellers. Do you have any idea how difficult it is to short stocks now ? How stacked the deck is against investors who want to short a company ? How brokerages force customers to cover short positions for no reason other than they don't want to offend the company ? How much propaganda the brokerage industry and corporations in general have put out lambasting short selling as everything from unpatriotic to profoundly unwise in all circumstances ? How much experience, exactly, has the Future of Capitalism staff had at short selling and what, if any, conflicts of interest do they have that would engender such non-stop antipathy towards those of us who sell stocks short ? The value of a stock is always, repeat ALWAYS, a matter of opinion and selling short is no more or less than an expression of opinion, be it correct or incorrect. Please alert me the next time you encourage lawsuits against companies that put out 'puff pieces' on their companies trying to inflate their stock prices.

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