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Strategies & Market Trends : Americans 4 "No Own - No Sell"
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To: Ga Bard who wrote (50)10/1/2001 1:24:38 PM
From: George Cowsar  Read Replies (1) of 455
 
Justification eh?

If you don't own it you should not be able to sell it. How about your house, mortgaged to the hilt, should you be able to sell it? What if I make my living by buying (whatever) with borrowed money and then selling for a profit? Is that any different from selling borrowed stock and then covering for a profit? If there were no short sellers, there would be nobody smart enough to sell when stocks are overvalued.

Besides all that, bear this in mind: It ain't easy either way. The scamsters are out to get you. They will get you coming and going if you're not on the ball. The worst thing you can do is become one of them. Shorting, buying on margin, taking anybody's advice without your own due diligence, let your losses run and limit your profits... there's a thousand ways to lose and only a few ways to win. You'll be a loser unless you learn how things really work and look for real value (or the lack thereof).
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