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Strategies & Market Trends : Z Best Place to Talk Stocks
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To: Ron McKinnon who wrote (43297)8/31/2002 7:44:34 PM
From: BWAC  Read Replies (1) of 53068
 
Although entirely legal,

Should you be able to sell anything owned by another?

Against the rightful owners best interest?

Often without the rightful owners express permission or knowledge(sans the brokerage account fine print)?

To be replaced at your leisure?

In sufficient amounts (Hedge Funds) that it affects the supply and demand? Complete with a organized bash campaign? (The reverse of an equally bad pump up scheme in essence)

Because you legally can, it must be right and acceptable to do so?

While the rightful owner who's investment is at risk might have to get in line behind/compete with your borrowed shares to sell his own? (Please note investment at risk vs. speculation in risk. And 1 penny is an uptick)

Did I say you were evil or a Great American?

Does participation in and rationalization of this literal theft cause you to have subliminal thoughts of evilness? (ie. its allowed, but I feel wrong)
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I do think you are wrong to do so. Even though the process is entirely acceptable and legalized. People invest their hard earned money into stocks and funds. The investors and prospective new investors should determine the market price of that investment. Not some speculator who's 'borrowed' shares from the 'investor' to sell and hopefully drive the price down. At least if a speculator buys first, they are an investor in the company. However brief and momentary that status may be.

All trying to make a point, not an insult.
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