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.
Non-Tech : Anthony Returned the Donation -- Ignore unavailable to you. Want to Upgrade?


To: Qone0 who wrote (31)5/25/2000 2:35:00 AM
From: Bud G  Read Replies (2) | Respond to of 445
 
Short selling is a legitimate practise. However, those shorts who slander and spread false information about a company in order to depress its share price are no better than pump and dump artists.

I found Tony and his followers to be on par with the the latter. I even have my doubts about the integrity of Pluvia, the Truthseeker and Auric Goldfinger.

DT



To: Qone0 who wrote (31)5/25/2000 7:34:00 AM
From: Mama Bear  Read Replies (2) | Respond to of 445
 
You have to be kidding. You might want to spend some time to learn how the market works before you take too much risk and get wiped out because of your lack of knowledge. Of course I see you like to gamble on the penny stocks, so you've probably been listening to too many long touts.

"They sell little old widowed lady`s stock from her retirement account. Stock from a young persons college fund.

Are you sure about that? I understand only margined stock may be loaned. Retirement accounts are cash only, and anyone using margin with funds earmarked for college is foolish.

They steal the profit of the investment from these people by increasing the amount of capital required to hold the stock at a higher level."

Say what?

They hurt start up companies by keeping their stock price depressed. Which in turn causes massive dilution when the company needs some equity debt financing to fund their start up.

Hmm, in the previous statement, the shorts were keeping the price at a higher level, now they're depressing the stock. Did it ever cross your mind that a stock trades on the merit of the underlying company? Perhaps when a situation like the ones of COST or PTIX occur the money that is represented by the market cap of the companies that money should be allowed to evaporate? Can you actually keep a straight face and say that the short sellers stepping in to buy when no one would likely want to go long didn't keep the price up?

"Let me "borrow" your car and sell it. Keep the money. Buy the car back after it loses some of it value over a few years. Sound like a deal? "

That's a silly comparison. First, short sellers do not get to 'keep' the money from a short sale. Secondly, the owner of borrowed shares is not deprived of the benefit of the property as would happen in your silly example. However, with the right escrow arrangement and interest payment from you to me I would in fact lend you my car to sell short.

"That is what short sellers do with investors stock."

The owner of the long stock has to give permission before the borrow occurs.

"They are evil people. Anything for a buck."

Perhaps you'd like to fill us in on why SEC enforcement actions are almost entirely against scumbag longs if what you claim is true?

sec.gov

Regards,

Barb



To: Qone0 who wrote (31)5/25/2000 7:56:00 PM
From: danderso  Respond to of 445
 
If you really believe this, you are not qualified to trade
stocks. You might as well say that nobody can borrow money
to buy a house, because they are using someone else's money
to buy the house. I suggest you learn a lot more about
economics and stock trading before you post misinterpretations like this.



To: Qone0 who wrote (31)5/25/2000 8:14:00 PM
From: Yogizuna  Respond to of 445
 
Oh god, this is the old tired "going short is unpatriotic" message dressed up in new clothes..... I hardly ever go short. preferring instead to go long Leap puts in corrections and bear markets, but I did short some YHOO a while back. Sorry that you think that is "evil", which it certainly is not. Yogi



To: Qone0 who wrote (31)5/26/2000 2:22:00 PM
From: Augustus Gloop  Respond to of 445
 
<<Let me "borrow" your car and sell it. Keep the money. Buy the car back after it loses some of it value over a few years. Sound like a deal?>>

Hey....they could borrow a Pacer and end up paying up with a Cadillac. There is a great deal of risk in short selling.

<<They are evil people. Anything for a buck.>>

It takes both sides to make a market. Sometimes the shorts make the longs rich....look at RAMBUS. Had there been no shorts I don't think it would have gone to 400.00 per share or whatever it's top was.