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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: Teresa Lo who wrote (149)	10/3/2000 1:13:12 AM
From: powershred	Read Replies (1) \| Respond to of 8925

TL... Hi TL...I know you've got your share of accolades and deservingly so...but what I like about you is your sense of humour (or the lack of!) LOL! I am Canadian...going short is something I have to "get myself" to do...meaning...Ive always traded on the long side...this weekend..I had JNPR and CIEN peggedas shorts at $218 and $122 as they both looked prime BUT as always..I look for the "perfect" setup...in their case the break below the regression channels...PLUS..i get to carried away following a stock i believe in.,.in this case NT. so, I do know I have a long way to go. the hard part is finding someone to talk to!...heck all my friends glaze over if i started talking about moving averages! LOL..! I am still looking for that setup for NT...when it occurs Ill let you know! ciao' by the way...our minds have met but we havent....my name is James! C:\My Documents\My Pictures\nt.htm

To: Teresa Lo who wrote (149)	10/3/2000 7:45:31 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 8925

<The bottom line is that it's somehow un-American to sell, and in particular, sell short> The distain for short-selling was inflamed during the Depression and was particularly railed against by Hoover in the late '20s. During the Depression Wall Street organizations were slammed heavily in radio and print by Mid-West isolationists, New Dealers who painted them as fast-buck artists looking for quick profits. Short-Selling was made more difficult as a result of laws passed at the time. In 1932, Hoover actually asked the president of the Exchange to discourage it and the SEC rose as a result of a committee conducting an inquiry into the practice of Short-selling. It's likely that the sentiment carries over from that period.