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Gold/Mining/Energy : Crystallex (KRY) -- Ignore unavailable to you. Want to Upgrade?

To: charred who wrote (5794)	2/26/1998 11:57:00 AM
From: viper	Respond to of 10836

Charred, don't waste your time, Flightless has no clue about valuations. He's either totally naiive, like alot of these bulls or he's on the payroll. Anyways, we're almost there, they are running out of B.S. to tell the market before the decision.

To: charred who wrote (5794)	2/26/1998 12:44:00 PM
From: flightlessbird	Read Replies (3) \| Respond to of 10836

Charred: YOU HAVE DEFIED ALL LAWS OF STUPIDITY!!!!!! READ Where do I begin? Even among my bag of tricks, I have no way clever enough to describe just how stupid one person can be. It was bad enough the first time. It was tragically comic when Peat Moss stepped in the second time. But stupidity now reaches new depths in this third effort. I cannot believe you got back on the mound after getting smacked for a grand slam twice already. This is like dropping a bowling ball in a pool. Shooting fish in a barrel. Did you fall off your bike even with training wheels? Does it take you an hour to cook Minute rice? You are living proof of reincarnation because NOBODY could be that stupid in one lifetime. For the last and final time, YOU DO NOT GET THE CONCEPT OF SHORTING DO YOU? The fallacy in your argument (if you can call it an argument) is that when you short a $10 stock and it drops to $2, your gain is calculated based on how much you placed at risk, NOT what your ultimate cover price is. An $8000 gain if the stock drops to $2 is an 80% gain on $10,000, not a 400% gain on $2000. Again, this is darkly comical that you misunderstand shorting so badly. Let me ask you this. If the stock ROSE to $18, then you would have an $8000 loss on that short position. But are you losing $8000 on a $2000 investment? NOOOOOOO. Suddenly, it is an 80% loss because you had $10k on the line. You CANNOT base your return on your cover price!!!! Oh my god, I can't believe I'm saying this!!!!!! Do you know how to tie your shoes????? When you sell short 1000 shares at $10, you are "investing" $10,000. $10,000 is at risk. That is what you base your return on. If you removed the "space for rent" sign from between your ears, you might get this. Using your example, just for amusement's sake, here is the math on your numbers: Example 1: I invest $100k in 10k shares at $10 each. But it drops to $2. I have lost $80,000. Example 2: I invest $100k in 10k shares at $10 each. But I also (at your snicker sug . . . heh heh . . . sugges . . . [tears streaming down my face] suggestion) short 1000 shares at $10. I lose $80,000 on my 10k shares if it drops to $2. But I gain $8000 on my short position (regardless of whether you choose to characterize it correctly as an 80% gain on your investment or snicker a 400% gain on your cover price). So my net loss is $72k. Example 3: I simply sell 1000 of my original 10,000 shares and am left with 9000 shares at $10. If the stock drops to $2, my original $90,000 is now worth $18000. My net loss is . . . I will go nice and slowly here . . . 90,000 m-i-n-u-s 18,000 equals? Anyone, anyone? Bueller? $72000!!!!! Yes, very good!!!! So, to prove my point again, your "hedging a long position" by shorting is by far and away the most idiotic comment I have seen on any KRY thread EVER (and your competition is among the finest anywhere). You will lose the same amount whether you take a 10% short position or whether you sell 10% of your long position. And you are calling ME an idiot? FYI, I own a lot more than 10,000 shares and the reason I will earn good money on investing and you will continue scrubbing urinals at Joe's Burgers (McDs rejected your application) is because 10x your intelligence wouldn't even qualify you for "half-wit" status. You give all longs great confidence since you have been one of the more vocal naysayers in this KRY saga. If you were in SUPPORT OF kry, then I would actually be concerned. Do you dare to step back in the ring so I can smack you around some more? Oh, I have thoroughly enjoyed this. Hey, just think, if KRY drops to .25 you will have earned 4000% on your short position!!!!!!!! HOLY MOTHER OF PEARLS!!!!!! SHORTING BRE-X WOULD HAVE EARNED YOU A BILLION PERCENT!!!! SHUCKS, MISSED THAT ONE!!!!! Save yourself from further embarrassment by not responding, though you definitely have been an endless source of amusement for both longs and shorts alike. I can't tell you how hard I laughed when Pee Moist agreed with your hedging idea. Tweedle Dee and Tweedle Dum. Ohhhhh, goodness look how the time flies. I could go on forever, but I better post this so people can get some immediate entertainment.