If a ban on short selling is sought during a bear market, then, by the same logic, why doesn’t anyone demand a ban on buying during a bull market, especially since many stocks (realty, power sector, etc.) were trading at obscene valuations? (Why short sales ban won’t work, Our View, Mint, October 21). The truth is that severe correction in valuation was imminent as many stocks, especially of mid-cap & small-cap firms, had gone up merely on speculation by operators & cooked-up stories about prospects.
Ketan R. Meher
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