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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Mama Bear who wrote (61087)10/22/2000 10:54:02 AM
From: Prognosticator  Read Replies (1) of 122087
 
Rushing in where the wise fear to tread here goes...

It's hard for me to have sympathy for those who sold based on the fake EMLX news and were then unable to buy back. IMO day trade gamblers deserve to get creamed by the market for their gambling, and stop-loss paranoids should simply know better.

It is my impression that the stock market was created to allow companies to raise capital, so that they can invest that capital and make more of it. It was not created for gambling. It was not created to make insiders rich beyond their wildest dreams.

Note that I consider short selling to be an important checks-and-balances form of investment, not a form of gambling. Short sellers have unlimited downside risk, unlike longs and option buyers, and I respect anyone who can make money doing it.

OK. Fire away!

P.
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