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Pastimes : A@P VOTE: Guilty or Innocent?
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To: PartyTime who wrote (361)6/9/2002 3:57:15 PM
From: Jorj X Mckie   of 717
 
A well established company would likely bounce back, yes. But not all stocks which have become victimized by the shorting hordes (do you object to this term, by the way?) might not survive, especially if still a development phased company and especially if a hard-pressed short caused the company to get delisted from a major exchange.

The point is, there is a difference between a "stock" and a "company". The price of the stock has nothing to do with whether or not they are bringing in revenues. Believe it or not, there are many successful companies that never go public. The only time that it can matter is if the company is in the business of selling stock. In which case, they are not likely being up-front about their business model anyway.

Cisco's stock price is 1/6th of its high, and yet they are still bringing in $16B a year. A year ago, KKD had a short interest of 40% and the price of the stock did nothing but climb. Current short interest for KKD is about 20%. I guarantee you that there are a lot of shorts who lost money on that one (raising hand).

If a short campaign against a stock affects the survivability of the company, it is a prima facie case that that company didn't deserve to have a publically traded stock in the first place.
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