SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Barrick Gold (ABX)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Enigma who wrote (1186)4/22/1999 11:57:00 AM
From: ahhaha  Read Replies (1) of 3558
 
That's pretty poor for a company officer to make any comment about market activities in the stock. You can't do anything more bonehead than that except, perhaps, agree to a "60 Minutes" interview.

If the CEO was making a comment to the effect that short selling depresses the stock price, you know the guy's a piker. There may exist circumstances where short selling effects price instantaneously, but even that is rare. You have to be able to borrow the shares in order to sell them short. That means the instantaneous supply is constrained. The point is that short sales are a zero sum game at best.

When CEO's say this sort of thing assuming that they have a clue about market dynamics it is excuse finding. No gold mining company needs any excuse about mediocre or poor results currently. So why is this guy shooting his mouth off like a fool. Must be that companies know what they need to know since they know so much.

Those who sell short don't try to talk down price. They don't say a thing. Don't believe me? Sell 500k short and tell me if you're walking around saying anything.

So this CEO is responding to what the public erroneously believes. This is the nature of top managers. They fail their way all the way up, because it is the person who can't do anything who survives in the authority dominated atmosphere of the modern corporation. These are the people who SI denizens claim know all about what they need to know.

It is a miracle that either the public or the corporations are able to survive. Just proves that there is no need to excel. More proof that the deconstruction of imagined wealth will proceed in a normal manner. When the illusion of wealth distorts the meaning of value, gold rises even though experts contend that there is no reason for it to do so.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News