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Politics : America Under Siege: The End of Innocence -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (4152)	9/20/2001 12:27:26 AM
From: joseph krinsky	Respond to of 27666

that old argument about short sellers saving everyone is hogwash. so stocks would get to unsupportable highs? so what? that's what happens now anyway. so their charts would look like rollar coasters? so what? that's what happens now anyway. so stocks/companies that should never be in business would spring up and fleece the public. so what? that's what happens now anyway. overvalued? do your homework and don't buy overvalued stocks, because what goes up, goes down. the arguments that shorters present are just rationalizations to be able to continue the practice. I never heard a shorter say he was shorting to increase liquidity. I think shorting serves no purpose that the market wouldn't take care of itself anyway. But shorting is here to stay, (IMO unfortunately) and that's the way it is, but please, please, don't attribute to it things that it is not. It is merely a way for people to make money.