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Non-Tech : Auric Goldfinger's Short List

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To: Sir Auric Goldfinger who wrote (8695)12/10/2001 6:11:15 PM
From: Mike M  Read Replies (1) of 19428
 
This is the part I like AG:

<<On occasion, we even find out the short-sellers are right. More often, we find they are wrong but there is enough of a kernel of truth that Wall Street will listen and the stock will fall anyway. >>

<<Frankly, I think short selling success in small-cap companies is about 25% predictive (shorts predicted problems in advance) and 75% causative (shorts caused or exacerbated the problems by their tactics),...>>

oh, and this:

<<Unfortunately, a concerted short selling "attack" can and does take down promising companies whose only fault was under- capitalization and an inability to handle the PR/IR aspects of a short attack. Is that fair? No, but it's a fact of life until regulators decide they ought to get involved. When this happens, short-sellers -- never a modest bunch -- will crow about how right they are.>>
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