More often than not, he said retail investors are being sucked into massively overpriced small-cap stocks. Had short selling been permitted decades ago, Periquet believes that BW price manipulation of the 2000s would not have had any leg to stand on.
As a bonus, Periquet said short-selling allows long-term shareholders like pension funds Government Service Insurance System and Social Security System to make money on their holdings through stock lending, while major shareholders would welcome the extra revenues from lending out stock to short sellers in exchange for a fee.
“Consider: In times of irrational exuberance, is it not the short-seller who caps unwarranted spikes in share prices when he bets that overly rosy expectations cannot be met? In times of panic, is it not the short-seller who prevents a free fall, as he must at some point cover his short position?”
Source: News Formal (newsformal.com)
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