Oh bull. Short sellers are the only ones that put a floor under the market. Geez, get a clue and look at China. They’ve never allowed short selling and their indices are off 70%. They are just now talking about allowing short selling.
They are off 20% because our markets are down 35%. When you send out rumors about a company that may or may not be true which causes the investors to sell all their stock in said company it does nobody any good especially the company. Chuck Schumer leaked a rumor about Indy Mac bank which caused a run on the bank and they lost 25 billion dollars in assets in a few days. Short selling can be dangerous in a volatile market especially when you only need to put up 10% of your money. The short sellers changed the way the game was played during the Hunt brothers run on silver ya know. Why because they were losing their shirts!