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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?


To: Bonnie Bear who wrote (11405)12/13/1997 9:49:00 PM
From: Bilow  Read Replies (1) | Respond to of 18056
 
Hi Bonnie; Finally I met someone who reads enough about the
market to be bearish on it. But he has no short positions. In
fact, I don't (personally) know anyone who has any short
positions at all. This is in keeping with the statement made on
this thread that only about 2% of all investments are on the
short side.

By the way, I never could work out the numbers on the guy who
bought the house and rented it out and the house went up in
value. You gave the amount the house had to go up in order
for him to come out even (or was it the amount implied by his
purchase price?), but when I worked through the numbers at
the rise in price you gave he was making an incredible return
on his money (assuming he sold out). In other words, you can
make money on inflated assets just so long as you sell at the
right time. But the rule is that someone always has to own the
asset, so someone has to get it in the "shorts" eventually?

-- Carl



To: Bonnie Bear who wrote (11405)12/14/1997 11:06:00 AM
From: Tommaso  Respond to of 18056
 
At least one of the larger short positions in BEARX is a bank.

Sure wish I had put all my money in banks in 1987, though! Bank stocks, that is.