Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Cautious_Optimist who wrote (16792)	7/30/2002 3:13:30 PM
From: just_the_facts	Read Replies (1) of 18998

John: I have nothing against short selling. It does, as you point out, help ID poorly run and even fraudulent companies. My ire is aimed at the new, aggressive breed of shorts who are the mirror image of the pumpers. They use abusive language (BTW, I have no problem with "doody" -- kinda neat, actually) and try to spread fear and misinformation when the facts aren't on their side. I think Mr. Pink falls into this category. As to your woebegone long positions, it's best not to listen to ANY analysts. It's even better not to listen to any MSG board mongers, no matter how good their track record seems to have been. Do your own due diligence. You do have to admit, though, that with short interest at an all-time high, many people with no knowledge have taken to shorting as the road to easy riches. Like in any other bubble, these late-comers to the party will be hit the hardest. The market is unforgiving whether you're a greedy long or a greedy short. Take care, and good luck.

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