SI
SI
discoversearch

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.
Pastimes : Books, Movies, Food, Wine, and Whatever -- Ignore unavailable to you. Want to Upgrade?

To: Poet who wrote (2267)9/14/2001 6:15:57 PM
From: Lane3  Read Replies (2) | Respond to of 51708
 
I have read numerous posts on SI that those currently holding short positions should close them ASAP and donate the profits, FWIW.

That's just silly. It might make sense if they expected people who leave their short positions open to donate any additional profits that come from a fall in the market. There's no basis for expecting anyone to give up profits accrued to date. There's nothing inherently immoral about shorting, IMO.

OTOH, I have a real problem with any form of suboptimization--enhancing one's own position at the expense of the community. In wartime, that means selling state secrets, profiteering, watering down supplies to the military, hoarding jet fuel, and the like. In that context, I would not be able to short the market on Monday and look myself in the mirror. A crashing market gives aid and comfort to the enemy.

Karen



To: Poet who wrote (2267)9/14/2001 6:16:05 PM
From: S. maltophilia  Read Replies (1) | Respond to of 51708
 
Seems to me that if we all follow the "patriotic" buyers Monday there will be no one left selling stocks except the O.bin Laden trust fund, at a very high price...



To: Poet who wrote (2267)9/14/2001 6:16:28 PM
From: bonnuss_in_austin  Respond to of 51708
 
<<To equate morality with trading behavior is terribly
misdirected.>>

Damn, Poet, no one can put this any better.

Financial institutions have no 'morality' in trading stock, commodities, bonds, gold.

This is such BS manipulation to further exploit the masses. The controlled 'retail investors.' Mostly those with no knowledge of how it all works (I'm thinking about the 401Kers -- the workers -- in U.S. corporations).

It's very obvious to me, as it must be to you as well.

THIS is what angers me to the point of fury.

The deliberate exploitation of everyday people who bought into the notions of fairy-like rosy-glasses-wearing blind FAITH. Faith in religiousity and unquestioned 'patriotism. And the politicians. LMAO!!

Such incredible, useless tripe in the cutthroat financial world.

Exploitive by those responsible. The Goldman Sachs. The Merrill Lynches. etc. The Charles Schwabs.

"Just relax. Buy more.'

As the ________ (insert your own vehemently profane adjective here) 'provided' 'investment banking services' bringing IPOs to market.

The 401K story is interesting in itself as a useful creation by the brokerages and corporations.

bia



To: Poet who wrote (2267)9/14/2001 6:32:08 PM
From: Win Smith  Respond to of 51708
 
The fact that the belief that shorting is somehow unhealthy for the market is so widespread here on SI tells me that the level of sophistication among SI members is not very high.

Ahem. I've seen other indications that the level of sophistication among SI members is not very high, but let's not get into that. Yahoo is supposed to be a lot worse, I hear.

Thanks for the minor chuckle in grim times.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News