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Pastimes : Learning To Invest Correctly - A Shared Experience

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To: Fredman who wrote (122)	7/28/1998 12:49:00 PM
From: Early Out	Read Replies (1) of 253

shorting - kinda like gambling - 'Craps'. I am told if you really understand it, you can make a lot of money at it The analogy comparing shorting stocks to playing craps refers specifically to one part of craps, that is the "Don't Pass" line. While everyone else at the table wants "good" rolls to happen and the number to be hit before "crapping-out" the person who has money on the "don't pass" line (known as a "wrong" bettor) is hoping that craps is rolled and everyone loses. Since nearly everyone else is rooting for a positive outcome, and the "wrong" bettor is hoping for a bust, they are looked upon with great disdain. In fact, if anyone makes such a bet during a long winning roll streak they will possibly suffer physical damage, depending on the amount of free booze that has been consumed by the participants. Shorting is much safer because you can do it in private, providing you are not spouting off on SI! -jsc

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