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.

Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Bill Ulrich who wrote (8284)	9/12/2001 12:17:57 PM
From: American Spirit	Respond to of 10293

Even more reason to support this market now not short it. Shorting has in fact been banned by some brokerage services at least in Canada during this national emergency. It's simply unpatriotic. Esp shorting any company which has been devastating by this like Morgan Stanley. Cover all shorts on open and either go long or stay out and do something to help your country.

To: Bill Ulrich who wrote (8284)	9/12/2001 3:55:52 PM
From: BinkY2K	Read Replies (1) \| Respond to of 10293

I agree there is no comparison to earlier days. One huge difference is that the market itself was attacked this time. The NY Stock Exchange was shut down due to the proximity to the attack site and may still not have power. Too many wall street firms had people in buildings affected and the entire section of lower Manhattan may remain shut down. Another difference is that while the markets were shut down, some of the impact was seen on foreign markets and others kinds of markets. Yes, many went down but there has been some recovery. So, if the US markets open again, and there has been some good news in terms of other markets, the Fed, and so on, who knows. Still, it would make sense to assume enough scared investors will want to raise cash. No reason to think the market will not drop, overall. It was in a very iffy phase anyway with people wondering if we were about to recover or test new lows. Clearly this act of terrorism has caused many kinds of damage to our economy. It starts with the loss of life and material damage but goes much deeper. Lots of businesses around the nation closed, many government agencies closed, all airplanes were grounded and so on. Lots of lost productivity, sales and so on. The increased security that follows will cost money. Short term, lots of negatives. Longer term, I am hoping this gets an international response to terrorism that weakens it and at least cuts off some of the roots for those responsible. This could have a positive result, but reality is we may have waves of terror before it does. My personal objective is to remain fully invested and ride any downturn out because I do not think I can call the timing and magnitude of the swing but believe my stocks will do fine soon enough. I do agree that further shorting at this time is dangerous. Yes, shorting some stocks at the open may give you a chance to cover 10 minutes or an hour later but some stocks will swing right back and may even rise. But, everyone is free to invest any way they want, as long as they stay within the rules.