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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: American Spirit who wrote (8826)9/12/2001 8:04:05 PM
From: tradermike_1999  Read Replies (1) of 74559
 

You are not a good American. Just a vulture. Blood money.
May you have a nightmare tonight about the tens of thousands who have died and their children whom you are trying to punish further just to put a sneaky buck in your greedy pocket. I appeal to everyone to condemn anyone trying to profit off this tragedy. Give it a month at least.

I had no long positions when the market opened tuesday and about 1/2 dozen short positions. My guess is that when the market opens people will be forced to sell. There will be people on margin who have to sell. And other people who cannot take the chance of their positions falling further. There will be no people forced to buy.

The people who start to do the buying will be people like me who are covering short positions. I plan on covering most of my short positions when the market opens back up.

Short selling is not an attack on America. Shorts actually lower market volatility by shorting rallies and covering to create support on dropping stocks.
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