Comments by "seneca983" (@seneca983) on "Roaring Kitty SUED!! They're Getting Desperate" video.

@Wqube "if a stock is worth $10 and someone "sells" 80% of the stocks on the market, the value is going down" So what? The point (or one of the points) of the stock market is price discovery. If someone thinks a stock is undervalued they can buy it and if they think it's overvalued they can sell it. That's how market price is formed. There shouldn't be a reason to prevent selling just to protect anyone who owns a share. (And 80% of stock being shorted doesn't necessarily mean a drop of 60% or any other specific number; that depends on the elasticity of demand for the stock.) "If they allowed individual investors to short stocks" Individual retail investors are totally allowed to short stocks and many do it.
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Why shouldn't that be allowed?
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@lexusvip4003 "Because it is the exact reason GameStop squeezed in the first place" So what? It's the short-sellers who suffered the loss from this failed bet. We don't need to protect them from their own mistakes. "They can't change the rules" What rule change are you talking about? Limiting shorting would be a rule change.
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@Wqube I disagree that the stock existing twice would mean that the price isn't correct. It just takes the short seller's estimate into account.
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