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

To: DismalScientist who wrote (5530)	9/28/2001 6:43:29 PM
From: marcos	Respond to of 27666

As a pure long [i've never shorted nor bought a put] i recognise myself to be a threatening influence on the market - every share i hold represents a potential sale that could come at any minute, driving downwards the price discovery mechanism, 'manipulating' it [by definition - hands/fingers on keyboard] .... however i remain opposed to the use of tactical nuclear weapons to eliminate such a threat -g-

To: DismalScientist who wrote (5530)	9/28/2001 6:57:59 PM
From: joseph krinsky	Respond to of 27666

Maybe we're not talking about the same thing. If you're talking about an individual's personal account, and talking about the effects it has on it, there is no difference. A profit at the end of the day is a profit at the end of the day, and a loss at the end of the day is a loss at the end of the day. I am not talking about that. I'm talking about the larger issue of whether shorting is good or bad for the markets as a whole. No one can say for sure whether it is or not, because as far as I know it's always been the way it is now, and so there's nothing to compare to. I happen to think that it might be bad for the markets, and that the market doesn't need shorters to lend a hand in anything. IMO The markets would take care of things for themselves.