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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (13894)	7/27/2002 1:24:57 PM
From: CYBERKEN	Respond to of 19219

I am against the massive proliferation of short-selling to the majority of investors. Regulations requiring the closing out of short positions at frequent intervals would allow shorting to still have it's beneficial effects-which are invariably short-term-while preventing it from becoming a cancer that spreads to the entire market, and then to the entire economy. If "everybody" is short, the intangible forward-looking confidence that supports the securities markets simply disappears. It's difficult for most people to conceive that equity investments are based almost entirely on the unknown: that which is to come. When the future disappoints, as it sometimes will, that brings out the screaming of "fraud" and the desire to hedge against the total "disappointments" that are sure to come. Like whiskey and wine, a little shorting can be a good thing, while too much is a poison, and many should avoid it completely. I advocate closing the bars at a reasonable hour...