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Non-Tech : Any info about Iomega (IOM)?
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To: NoName who wrote (9575)10/21/1996 2:38:00 PM
From: Andy Chen   of 58324
 
a position in a stock, whether long or short, is only a paper value. today the quote says 55. your financial statements say your net worth 55. tomorrow the stock quote says 30. your financial statement says your net worth is almost cut in half.

so having that in mind, once you can control the actual "quote" of the stocks. you control the "appearance" of your own financial statement. one may argue the "appearance" doesn't matter, but in reality, it matters. your financial well-being determines the ability of your credit borrowing. in the stock market, your credit borrowing determines your financial well-being.

so, you can make yourself as rich as your appear, or as poor as you appear if you have the control over the quotes of your own stocks.

so if you are long a stock but others start selling, no sweat. buy them in with good financing. and then raise the price after the sellings are done. if you are a short a stock, but others keep buying. no sweat. keep shorting. once the buyings dry out, lower the quote of the stock you're shorting and you are financially OK. buyings and sellings don't last forever. once they are done. the power lies within the ones who can control the quotes of his own stocks.

wow! no wonder every college kid wants to go to wall street.
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