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To: Poet who wrote (2267)9/14/2001 6:15:57 PM
From: Lane3  Read Replies (2) of 51709
 
I have read numerous posts on SI that those currently holding short positions should close them ASAP and donate the profits, FWIW.

That's just silly. It might make sense if they expected people who leave their short positions open to donate any additional profits that come from a fall in the market. There's no basis for expecting anyone to give up profits accrued to date. There's nothing inherently immoral about shorting, IMO.

OTOH, I have a real problem with any form of suboptimization--enhancing one's own position at the expense of the community. In wartime, that means selling state secrets, profiteering, watering down supplies to the military, hoarding jet fuel, and the like. In that context, I would not be able to short the market on Monday and look myself in the mirror. A crashing market gives aid and comfort to the enemy.

Karen
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