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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?


To: Proud_Infidel who wrote (475)11/14/2001 9:27:43 AM
From: advocatedevil  Read Replies (3) | Respond to of 25522
 
RE: "I believe it is especially in bad taste in these times, when one could conceivably(more likely probably) be making money on the deaths of others by shorting and making money when a plane crashes and people panic or when a new envelope is found with anthrax. I believe these people may regret the trades and money they are now making on the short side; maybe not today or tomorrow, but surely someday. Money is not that important."

Brian, I'm stunned that you would make a comment like this and truly sorry you feel this way. Money is certainly not that important, but to suggest that folks who short are any less concerned about the horrors in the world today is unfair and untrue.

AdvocateDevil



To: Proud_Infidel who wrote (475)11/14/2001 10:25:36 AM
From: JSwanson  Read Replies (1) | Respond to of 25522
 
Money is not that important.

This is very true. However, making money should be the only reason you trade a stock, long or short. Further, there is nothing inherently wrong about going short on a stock.

Do you feel that it is wrong just because the vast majority of people invest on the long side and thus more are harmed economically when a stock price falls?

When you buy a stock someone is on the other side of that trade that believes it will not advance. The belief can be explicit in the form of shorting or implicit in the form of exiting a long position. Nothing evil or corrupt, just a different opinion regarding future potential.

I find it curious that you attach some sort of guilt from profiting from investing/trading endeavors.

Regards,

JS