Yes, what you said is true.
I really just have an issue associated with the ethics perceived from the practice and the investment thesis of shorting stocks like ASNA.
I mean I witnessed on the Yahoo board, someone cheering for ASNA to fail... I mean who really does that? Who would cheer for 10's of Thousands of employees to lose their jobs?
It is frustrating how the practice of shorting can create a false sense of over supply without any real oversight or restriction. Just keep selling to push down stocks, and they continue to pile on.
My experience when you communicate with those bears/shorts with negative views of a stock, they really have virtually no knowledge of the fundamentals of said business. Like i have seen so many of them have say, ASNA was not worth more that $4.... But they provide zero explanation as to why other that just share price. Sometimes, I think they don't even know what market capitalization means.
From ASNA's perspective... When you take into account the Institutional and Insider holdings... There is litterally only like 1 Million Shares or less available. Yet we are trading an average of 200,000+ shares every day and continually pushed down.
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