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Technology Stocks : HARBINGER (HRBC)
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To: Benny Baga who wrote (261)3/19/1999 6:05:00 PM
From: Sethpop  Read Replies (1) of 402
 
"Selling short is a perfectly legitimate action for an individual investor to take!! Companies have given short-sellers a bad name by claiming that they disseminate bearish information in order to push down the price of a stock. I'm not saying that never happens, but these same companies never complain when they, or the analysts or public-relations people who work for them, issue bullish information to push the price of their stocks up. Companies spend billions of dollars each year to tell their stories the way they want them told. No one is paying the short-sellers. So, sure, the shorts want to see their stocks go down, but the longs want just as much to see them go up. There's nothing wrong with doing your homework and then deciding that a stock is overvalued, that a company's balance sheet is deteriorating, that its accounting is too aggressive, or that its earnings will disappoint. And there's nothing wrong with betting against a company by shorting a stock!!!" Peter Siris, Guerrilla Investing.
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