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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: Ga Bard who wrote (92421)9/25/2001 9:29:34 AM
From: ChrisJP  Read Replies (1) of 150070
 
Ummmmmmm Gary ?

I didn't say I approved of shorting, I just said it ain't the reason for the past 18 months of stock market declines. In March 2000, the S&P 500 had a PE of over 35. The average PE for the S&P 500 is something like 15. So I'm NOT WRONG.

I think if OTCBB stocks stopped printing shares and diluting the crap out of their stock and actually turned a profit instead, you wouldn't see much shorting. Same goes for NASDAQ stocks like WBVN, EXDS, IPET, COVD, EGGS, along with probably 1000 other stocks.

People who short have to buy their stock back. If people didn't sell stock or if companies didn't dilute stock, the shorts wouldn't make any money.

Chris
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