You just can't argue with nitwits like this. It's competition between rival speculators that produces stability. Buying low and selling high keeps the price in the middle.
You mean like the 35% swing on tuesday/wednesday? Yeah, it's working fantastic Sherlock.
There's no short-selling options (puts) to cover. Gotta have the tools to do the job, Watson.
Oh wait, so you actually concede it's not working right now? Impeccable logic.
Something that isn't happening isn't working. Because it isn't happening. Duh.
When short-selling is enabled to a large degree, we will see more short-selling and less volatility.