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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?


To: ChrisJP who wrote (6334)6/27/2002 2:34:50 PM
From: Jorj X Mckie  Respond to of 17639
 
That kinda implies that you think I am a parasite and that I am being disingenuous. Is that what you were trying to convey?



To: ChrisJP who wrote (6334)6/27/2002 2:37:45 PM
From: Alan Smithee  Respond to of 17639
 
Let's face it. Shorting is a financial tool designed to allow parasites to profit from a business's misfortune. Since all sells are matched with buys, It doesn't help the markets nor does it hurt them.

That sounds like a variation on the "evil Canadian shorters" theme that crops up periodically.

There's nothing parasitical or unpatriotic about shorting.

The past 2 years have shown us there are a lot of companies that have no business being in business. Why shouldn't someone be able to profit from the fact that a company is poorly run and is headed for the dustbin?



To: ChrisJP who wrote (6334)6/27/2002 2:41:50 PM
From: Original Mad Dog  Respond to of 17639
 
Seems to me that anything that expands every investor's opportunity to buy or sell at any time adds to the efficiency of the market. If you limit selling only to those who have already bought, the number of market participants is reduced and the ability of the market to operate as a smooth exchange is reduced. In addition, shorters have in many, many instances been catalysts to bring out accurate and damaging information about companies which the buyers had no incentive to bring out and the companies themselves had incentive to hide. More and better information flow also leads to more efficient markets.

So I guess I just don't understand your point.



To: ChrisJP who wrote (6334)6/27/2002 2:42:33 PM
From: Augustus Gloop  Respond to of 17639
 
<<Shorting is a financial tool designed to allow parasites to profit from a business's misfortune>>

And you have a problem with that? Nobody seemed to mind the parasitic ride on the way up while business's and analysts blew smoke up our ass. Isn't the very nature of profiting from another entity's success or failure parasitic regardless Of position?



To: ChrisJP who wrote (6334)6/27/2002 2:47:06 PM
From: gypsees  Read Replies (3) | Respond to of 17639
 
I don't look at those who short as parasites. Is it parasitic to sell a house versus buy one? For every action there is an equal and opposite reaction <GG>.. and today I am getting whacked by it!!...lol



To: ChrisJP who wrote (6334)6/27/2002 2:47:51 PM
From: joemoney_trader   Respond to of 17639
 
Shorting is a financial tool designed to allow parasites to profit from a business's misfortune.

Chris, you then said that it doesn't help or hurt the markets, so how is it a tool for parasites?

Business crumble, big deal. It's our job as traders/investors to take advantage of their misfortunes. How do you know that business has always been honest with it's shareholders? You don't. I see nothing morally wrong with shorting.