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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (47375)	5/29/2001 10:44:18 PM
From: advocatedevil	Read Replies (1) \| Respond to of 70976

RE: "I think “Shorting” is collaborating way too close to the Dark-side of Life. “Luke, I am your father”. I won’t short any stock, it is like making money from others unfortunate circumstance." Stan, FWIW, here's a quote about "shorting" that I thought was interesting: Bears can make money only if the bulls push up stocks to where they are overpriced and unsound. Bulls always have been more popular than bears in this country because optimism is so strong a part of our heritage. Still, overoptimism is capable of doing more damage than pessimism since caution tends to be thrown aside. To enjoy the advantages of a free market one must have both buyers and sellers, both bulls and bears. A market without bears would be like a nation without a free press. There would be no one to criticize and restrain the false optimism that always leads to disaster. - Bernard Baruch (Bernard Baruch was an adviser to American presidents on economic matters for more than 40 years.) AdvocateDevil Still livin' on the "Dark-side" ;)

To: StanX Long who wrote (47375)	5/30/2001 3:27:05 AM
From: Pink Minion	Respond to of 70976

I won’t short any stock, it is like making money from others unfortunate circumstance. This is a very common misconception. Shorting provides for a more efficient market. It actually helps long term "investors" to acquire shares at a cheaper price and also provides a bottom during market crashes (short covering). Wouldn't you rather be buying AMAT at 37 than at 115 if you're a LTBH? The game should be all about what the market thinks the stock is worth. The ups and downs would also be more insane than they are now. The affect of shorting on the stock price is only short term since they have to buy back the shares. The net affect is zero.