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Strategies & Market Trends : Americans 4 "No Own - No Sell" -- Ignore unavailable to you. Want to Upgrade?


To: Mark L. who wrote (96)10/1/2001 3:11:12 PM
From: joseph krinsky  Read Replies (1) | Respond to of 455
 
Krispy Creme was targeted. It's a good company.
Now whether or not it should be at the price it is or was, who really knows.

I don't want to dwell on the specific example issue, because that's not why I originally posted. I posted to lend my support to the shorting petition concept, although I would prefer to have things modified and updated first, because I think that's the way to go.

Maybe the petition won't do what the signers want, but maybe it will get the people that make the decisions to at least think about the whole situation and see if anything should be changed.



To: Mark L. who wrote (96)10/1/2001 3:31:47 PM
From: Pete Mason  Read Replies (1) | Respond to of 455
 
>> It appears that there is not a single example of such a thing. <<

Congrats, you've hit the nail on the head!

What we are witnessing here on this thread, and in other places, is just a good 'ole-fashioned witch hunt, which goes something like this:

"Hey, this is great! The Naz is at 5000, I'll bet it'll be at 10,000 by Christmas!! I'm gonna buy a lot more shares, because in the good 'ol USA, we are guaranteed a market where prices always go up!!!"

"Doh! What happened?? The stocks went down!!!! AHHHHH!!!"

"Whaddaya mean, stocks sometimes go down?!? The market was totally fairly valued at 5000, so don't give me that crap! Everything was all perfect, but now somehow it changed, I lost money, so someone's to blame!! It's someone's fault, and I'm gonna git him!! The market never would have dropped had someone not gone and dun sumthin' to it!!"

"Huh? There are actually some investments which *rise* when stocks *fall*? You mean not everyone lost their shirt the way I did by buying into an obvious bubble?? Hey, I'll bet doze guys are the ones that did this! It's the short-seller's fault!! Let's get them commies--uh, I mean, shorters!!!"

It's pathetic, but not without a certain amount of amusement value,

-- Pete