<looking for more profits off the backs of failing companies. . . that is the un-American part>
I disagree, that is the ALL-AMERICAN part. Looking to BUY failing companies is un-american, in fact it's more Russian. Companies that are failing will either make it or fall based on their merits/profits, not because short-sellers correctly predicted their business model was flawed.
And I never said you always said shorting was wrong, but you are implying that it is wrong now are you not? I guess I'm too much of a laissez-faire guy to believe that short-sellers have that much influence, if their views are wrong the market will eventually let them know. Hell, if it wasn't for all the money Wall Street firms make from securities lending (loaning stock to short-sellers), they would be doing a lot worse than they are.
Love that duntz, Jonathan Joseph, desperately trying to save his call on the semis by hyping the Pentium 4 with his "mid-day call". (no doubt preceded by a morning call to his clients to buy intc) The way semis are valued, that sort of "good" news is already factored in, just my opinion, I could be wrong. |
