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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: CF Rebel who wrote (12708)7/23/2001 4:02:13 AM
From: DukeCrow  Read Replies (3) of 15615
 
<<Instead of a responsible company being allowed to pursue a rational business plan, it has to contend with the artificially contrived conditions that shorting gives rise to. This is not to say that shorting is wrong in every case, but it does do real damage to even the best of companies. Companies ought to have to contend with real obstacles, not artificial ones.>>

I would argue that a responsible company following a rational business plan wouldn't need to rely on its stock price to keep the business running smoothly. Any damage done to the company isn't real but imagined. And if a low stock price really does damage a company, then I don't think that company was being responsible or rational.
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