Bill Wexler's Profits of DOOM Message Board

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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: Biojunkie who wrote (649)	4/10/1998 2:08:00 PM
From: Dante Sinferno	Read Replies (1) of 4634

<<It would be a shame if SHORTS like you.........>> >>>Then why do companies sell stock? Is it just some sort of public service? They sell stock to raise capital. <<< <<And once the stock is sold, the shares trade on the market. Unless you purchase in an IPO or secondary offering, nary a penny goes to the company.>> ----------------------------------------------------------------------------------------------------- The stock price has value to the company in terms of a secondary and/or acquisitions where stock is used to purchase , but ... The fault in Biojunkie's argument about shorts not giving the company a chance is that it would more rightly be the lack of faithful longs to support a "fair" price for a particular company. Say what you will about shorts , but if longs never sell their stock for less than they paid , how can the price go down ? I know ... BLATANT MM MANIPULATION (I always wanted to yell that...just kidding.) Besides Biojunkie , as far as any message board is concerned (except maybe YHOO boards) ....just present the better argument. Some folks still like hearing every side of the story. Rob

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