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To: Lane3 who wrote (2361)9/15/2001 6:22:55 PM
From: Solon  Read Replies (2) | Respond to of 51711
 
If on any given day, say Monday, there are bunches and bunches of orders pending and almost all of them are short sales, the price of the stock won't be lower when it opens than it was when it last closed?

It may well be. 15 minutes later it may be higher. Most people do not invest in 15 minute intervals. Where it will be at the end of the day, week, month...no-one knows. If they are as confident as you appear to be that they can do a 15 minute scalp--it is their risk. Not one that I would take...perhaps at one time.

In any event, these free market forces affect (in the most accurate and realistic manner imaginable) the capitalized value of companies and their owners. Too bad we can't see the down cards. But those cards get turned up ONLY after all the bets are down--not before. In poker, everybody plays their own hand. What you don't see, you don't know. You can only guess.

You cannot destroy a company that offers value to people. All people wish to profit. Private investors will invest in whatever companies promise a profit. If anyone wishes to short a company holding four aces (3 hidden)--well, what is to stop them? And who is being harmed??

With the market so low, I expect that a great number of stocks will be jumped on tomorrow anticipating profits. But I will also pass on that. Obviously, many companies will be very prosperous during the course of this (these) wars. I would not want to short companies going forward.



To: Lane3 who wrote (2361)9/15/2001 6:41:10 PM
From: Poet  Respond to of 51711
 
Karen,

In answer to your question, absolutely not. Please do some reading on other threads or sites about this. I've explained as well and as honestly as I can what short selling is about. You do not appear to understand the mechanics or the role of shorting within the market.

I am also requesting, very politely, an answer to my last question to you.