Valentine...
I short once in a while, I also am long once in a while. often I daytrade up and down.
It is a challenge for me.
I am curious, why am I evil when I short sell, but not when I go long.
For instance, when I short sell AMZN at $220, and then cover at $189. then go long for a bit......
Was that evil, or was I (in the words of an analyst on CNBC) just a daytrading desk jockey?
I think I am a good person. I think AMZN is nuts at these prices, given they are still losing money, so why am I evil?
I am not the one that is turning the Internet stocks into a ponzi scheme.
It is the insane gamblers that keep pushing the price up.
I mean, The day that AMZN announced they would be selling videos, the stock shot up to $155.
Well I shorted at 145.75, 146, and 152, the next day I covered at 153 for a loss of $7500...
So...I didn't go over to the amzn thread calling the longs evil,
I simply waited for a bit, saw the insanity wasn't over, went long at $154, sold at $162, shorted at $165,
well, you get the picture.
So tell me, why am I evil....
because I have a knack for picking correctly which way the trend will go more often correctly, than incorrectly?
If it makes you feel better, I am very active in a number of charities, habitat for humanity for one.
So, short selling,...why is it evil? |
