Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : CNBC -- critique. -- Ignore unavailable to you. Want to Upgrade?

To: Michael Grosz who wrote (8858)	10/15/2001 6:01:29 PM
From: Crystal ball	Read Replies (1) \| Respond to of 17683

Short Sellers have no values. Stability of Future Markets requires people sell only if they own the stock and that buyers buy only if they have cash. That is how true fair market values are maintained. No one allows a deadbeat to come into a cadillac dealership and buy up all the cadillacs, and more so, they do not let them borrow the cadillacs and drive them off the lot, to sell them on the street and then come back later and replace them with lower value used models. No other business does this, and therefore short selling is the antithesis to stable markets. There is no harm during stable economic times, because short sellers can be hurt by selling into a rally surely, but, we do not allow profiteering to run prices up in shortages either, witness the criminal prosecutions of gas stations that jacked up gas prices during the attack, likewise, we should not tolerate short selling when there are no market makers or buyers due to scarcity of liquidity created by Greenspan's second induced recession, to crash prices and values, to then come back and buy up oversold stocks cheaply since they and only they now have their ill gotten profits to buy at the bottoms they created. In these cases: Short selling is price fixing. I am, Truly your$, -Crystal Ball