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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: sag who wrote (93486)	7/22/2010 8:56:38 PM
From: phatbstrd	2 Recommendations Read Replies (1) \| Respond to of 196632

Excellent sag, I think that everyone that invests should be required to read Harry Markapolos' book "No One Would Listen"... period

To: sag who wrote (93486)	7/22/2010 9:06:13 PM
From: Maurice Winn	4 Recommendations Read Replies (2) \| Respond to of 196632

<Stocks go down at 2X-5X the velocity of stocks going up > Panic works much faster than hope and irrational exuberance which take time to form bubbles. That explains it. Some of us are not frightened of markets and people even being naked when they sell short [which is not to say we necessarily want to see them up close and personal]. Some of us like government departments to tell us when we are allowed to buy and sell and what contracts we are allowed to form and with whom. Others of us are wild west free marketeer lovers with government extermination of thieves, frauds and contract breakers, selling their body parts at auction. Being a high-powered international shorter myself, I'm well aware that I am selling when others think it's a better idea to buy. Somebody who wanted to buy Broadcom was able to buy it cheaper from me than if they had to bid higher to attract an actual shareholder to sell their shares. Speculators are heroes, deserving of national awards, being willing to step up to the plate and hit for the boundaries when others are wanting to bunt or cower in the dugout. Shorting speculators don't even get dividends!! What courage. They have to PAY dividends. Then, at the bottom, when all are fleeing, again they step forth and calm the markets with their hard-earned cash. You might have observed the "flash crash". That's an example of panic in action [computer panic in that instance]. The bigger panic in 2009 was another example. Mqurice