Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: mmmary who wrote (80105)	9/12/2002 3:13:43 PM
From: Edscharp	Read Replies (2) of 122087

Mary, "I would think suspicious trades would be unusual short positions in the airline and NY real estate stocks which he told people NOT to short. A few days after 9/11 I remember hearing on the news that some airline stocks had been heavily shorted before 9/11, but I've never heard anything more about it since then. A false report or perhaps there was nothing to it. Airplane stocks were already on the decline at that point and for someone to short such a stock might be very coincidental, but certainly not implausible. Had I thought about it at the time I certainly wouldn't have been averse to shorting airline and real estate stocks after 9/11. I must admit I never understood Elgindy's moral high ground about not shorting these stocks after the fact. If, for instance, Pfizer suddenly announces they are taking all Viagra off the market because of a new report that suggests hundreds of people have died using their product then shorting their stock would seem a completely appropriate business decision based upon the realities of their future expected earnings. I think it would be wrong to assume those people who are shorting the stock are uncaring or callous in regards to the people who may have died from the product. Ditto on post 9/11 short sales. Personal finance and business decisions should be based on an objective assessment of a business and/or the prevailing environmental conditions at a given moment. I don't understand the view that post 911 short sales are inherently immoral, unethical or unpatriotic. I'm not necessarily condemning Elgindy for his view. He's certainly entitled to let his own personal sentiments prevail, but it certainly seemed to me like a 180 degree turn from his previous activities.

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