Formerly About Applied Materials Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials

AMAT 301.11

+6.9%

Jan 9 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: BWAC who wrote (51591)	9/6/2001 2:30:04 PM
From: Math Junkie	Read Replies (1) of 70976

Thanks for your thoughts. I second what Sun said about cash accounts. When you open a margin account, you agree to allow your shares to be borrowed, so it's not like you didn't have a choice. Also, I see no ethical difference between borrowing stock to go short, and borrowing money to buy on margin. My take is that when stocks go to high extremes, it is because there are too many buyers for the number of sellers, and when stocks go to low extremes, it is because there are too many sellers for the number of buyers. Therefore people who buy low and sell high are helping other investors by reducing the size of the price swings. That is true regardless of whether they buy before they sell, i.e. trade on the long side, or sell before they buy, i.e. trade on the short side. Viewed in that way, it is the momentum traders who are immoral. <g>

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next