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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: American Spirit who wrote (8826)9/12/2001 7:46:41 PM
From: KyrosL  Read Replies (1) | Respond to of 74559
 
I promise to spend a portion of any short profits buying stuff made in America. Will that make it better?



To: American Spirit who wrote (8826)9/12/2001 8:04:05 PM
From: tradermike_1999  Read Replies (1) | Respond to of 74559
 

You are not a good American. Just a vulture. Blood money.
May you have a nightmare tonight about the tens of thousands who have died and their children whom you are trying to punish further just to put a sneaky buck in your greedy pocket. I appeal to everyone to condemn anyone trying to profit off this tragedy. Give it a month at least.


I had no long positions when the market opened tuesday and about 1/2 dozen short positions. My guess is that when the market opens people will be forced to sell. There will be people on margin who have to sell. And other people who cannot take the chance of their positions falling further. There will be no people forced to buy.

The people who start to do the buying will be people like me who are covering short positions. I plan on covering most of my short positions when the market opens back up.

Short selling is not an attack on America. Shorts actually lower market volatility by shorting rallies and covering to create support on dropping stocks.



To: American Spirit who wrote (8826)9/12/2001 8:07:39 PM
From: lisalisalisa  Read Replies (1) | Respond to of 74559
 
A market does not just go up, a market by definition is made up of different opinions, shorts are part of this opinion. Capitalism is based in part on these market forces. To restore our system things must operate as they did before, anything else is admitting failure, admitting that our markets have been damaged. I don't think you quite understand this.

Actualy I just think you may not care. I believe you are scarred because you are long and are trying to find a target for your anger, someone to blame if the market goes against you. It is you who may be being callous and uncaring, thinking of yourself first.