Re: Shorting stock rewards the slime of the world.
Also, until the company actually goes bankrupt, NOBODY has lost money on their shares.
Sorry, but you're wrong. The mid-price for my shares is less than the value at which I acquired them, thus I have lost money on my Tesla shares. I may yet regain it, or I may lose further money still, but economically, for real, I have lost money. Why is everyone so afraid of admitting that?
They still own the same number it is just they have a lesser or perhaps in a few weeks, greater value.
Ok, so you seem to understand very basic market mechanics but apparently miss the significance of this in relation to your earlier point. Losing money on shares is multiplied by the quantity held, no mitigated by it.
I like the Warren Buffett quote. When people are greedy be fearful. When people are fearful be greedy.
You're seriously going to quote the Sage of Omaha, after just positing that nobody has lost money on a share that has lost market price? Really?
It is disgusting to bet against a company failing to make money where thousands can lose jobs, communities die
I'm not suggesting that Tesla is a zombie company (yet), but shorting is one of the things that helps zombie companies die out, which free's up the capital and staff for more productive use elsewhere. It's a core tennet of capitalism.
Why do I feel like I'm talking to a socialist who thinks they're a capitalist?