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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: Jesica Dawnet who wrote (20960)10/15/2002 3:21:44 PM
From: DiB  Respond to of 21876
 
>No one ever shorts when they think there is a chance of bankruptcy. ... This is because, if a company announced BK then the shorters would lose too.

What are you talking about? Are you just playing silly? If LU announces BK, their stock price would be far below book value, which is 27 cents.



To: Jesica Dawnet who wrote (20960)10/15/2002 5:20:25 PM
From: GVTucker  Read Replies (1) | Respond to of 21876
 
Jesica, RE: No one ever shorts when they think there is a chance of bankruptcy. They only short when they know things are temporarly rough for the company. This is because, if a company announced BK then the shorters would lose too.

That is just plain incorrect.

A bankruptcy is a short sellers dream.

Could you give an example of a bankruptcy that lost money for short sellers?


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