To: Dr. Jeff who wrote (8717 ) 9/25/2001 1:20:23 PM From: Crystal ball Read Replies (2) | Respond to Faulty diagnosis Doc: I bought, Not only because it was indeed the patriotic thing to do, as JP Morgan did when he acted as the buyer of last resort during the first major wall street panic, but buying low is also smart, remember: Buy Low Sell Higher. I am in this for the long term, I just keep adding to my portfolio because the rate of return on investment ROI is practically guaranteed to be the highest of anything else you can do, once the economy recovers, and it will, America and the American Economy will rise again surely, this is not the end of the World you know. I have never beleived in short selling. First of all, your brokerage house allows someone else to "BORROW" YOUR SHARES. Would you let your broker loan out your car to strangers? The SEC needs to outlaw short sales, or at least require disclosure and perhaps a percentage of any profit to go to the person whose stock has been "borrowed" for the short sale. Your broker gets a commission for borrowing YOUR STOCK, the alternative is to tell your broker not to allow your stock to be borrowed for short sellers, and demand they acknowledge that, which they will do, but how do you ever really know they honor this lock on your stock? Otherwise after the public becoms more knowledgeable, I think many people will start to take certificates, rather than letting your broker keep your stock in their "street name".
