Bioelectronics Corp (BIEL)

[luke5516]

I always wondered why shorting is legal. To anyone outside the financial industry, it seems very distasteful, you are directly profiting on the struggles of another company. Not as a market competitor,
offering a superior product which would be fine, but as a pure speculator placing a side bet.

Originally, as with mortgage backed securities, I’m sure people through allowing short bets to allow people to hedge their other positions. Theoretically, it adds liquidity to the market.

But here, we might benefit from a short squeeze at the moment. For 11 or so years, shorting would have helped to artificially hold down our stock price and create conflicts of interests for market makers.

But now, IMO, we are good and the way upwards has been cleared to us.