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To: long-gone who wrote (73235)	7/10/2001 11:42:28 PM
From: Rarebird	Respond to of 116759

<I need beleive the company I short is overvalued.> Good. You can also sell a stock short when you feel that the company will go bankrupt, like MCOM did recently. (NVTL is next). That's not un-American( and even if it was, Questioning comes first). There are thousands and thousands of bankruptcies each year in the U.S. Selling short is not going to cause any company to go under. All your doing is wagering in the stock market that a firm is in trouble. Even if it doesn't go bust, it may have poor earnings and the stock may decline. If you profit from your judgement, it's not different in principle from profiting on the long side when you anticipate that a company's earnings will increase.