Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

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

To: Math Junkie who wrote (51535)	9/6/2001 7:59:11 AM
From: Bocor	Read Replies (1) \| Respond to of 70976

the answer to your question is no. Shorting stocks is a business decision, no different that buying a stock. A caveat obviously would be to inaccurately disseminate incorrect info, only to short based on the response to that. Of course the EMLX kid learned that not only is that immoral but it is also illegal. I actually believe that the shorts have held up this market recently, and were it not for short covering, the bounces would not have happened, period. People who have lost their retirement funds and their savings in this bubble had ample warning. If you invest your money in ANYTHING, you damned well better do research. Would you buy a house for 500k when it reasonably should be priced at $150k? or a car for $125k that should be reasonably priced at $15k? Heck no...yest greed drove people to buy historically unsustainable valuations, and the large investment houses supported that greed, sold into it, and allowed the greatest distribution of wealth in this country to take place. The "smart" money, the insider money, got out on the way down, and happily fed shares to the mindless masses who believed the dribble spouted by the analysts who could not possibly have believed what they were recommending unless they were born without a brain or received a lobotomy as a condition of employment. That to me is the immorality of the last 18 months. Shorts only saw an opportunity, and capitalized on it. The selling would have been there no matter what. It is a fallacy to believe that shorts can affect the price of any equity long term. Those who have lost fortunes will look to place the blame somewhere, and shorts are an easy target. I need to feed my family just like everyone else. Difference is that I looked at history, learned about allocation, learned about the manipulation game GS, LEH, MER and others play, and decided to shove it up their collective arses. When this is over, I will once again be a buyer, but it ain't close to being over IMO