To: Mama Bear who wrote (7379 ) 3/24/1998 12:58:00 PM From: Moot Read Replies (3) | Respond to of 10836
Barbara Payne: Good/Evil, Misc., Ms. Payne: Longs are good. Shorts are evil. Or so, it seems, many believe. This raises the possibility of a very interesting phenomenon. I have no doubt that if all the longs were presented with incontrovertible advance notice that it was about to be announced that Crystallex had lost LC 4 & 6, many would short this stock. (Assuming, of course, that they understood the mechanics, had sufficient security, and stock was available.) We would thereby be witness to the near-instantaneous transformation of the inherently good into the inherently evil. I don't like the practice of shorting and have never engaged in it. Nonetheless, it is an aspect of the market. I don't believe that those who benefit from it are evil by virtue of that fact alone. Those who knowingly circulate or abet falsehoods are, in my opinion, scum. And I don't make a distinction based on which side of the good/evil dichotomy they happen to fall. Many people have already been financially hurt in this play. When it comes to culpability, the 'We win or we win', 'bullet-proof', 'rubber-stamp', 'to the moon' crowd bear more responsibility than the nay-sayers, in my opinion. With respect to Eric Charters, he is sometimes very entertaining. Often, he is just a spectacle. Too often, he is an opinionated boor who doesn't so much debate issues as attempt to bludgeon into submission or at least quiescence with exaggeration, sarcasm, and general bombast those who refuse to accept his reading of a situation. In my opinion, you are most informative and effective when you ignore the taunts of such posters. I can certainly understand the temptation to engage in these sparring matches--a temptation that may be irresistible to evil ones such as yourself--but they really don't serve much purpose beyond a momentary satisfaction. (This may, in part, provide an answer to an earlier question to me posed by Marcos.) Over the past little while, I have tried to express my own unease over this play in a series of posts. In trying to lend some coherence to those concerns, I have had occasion to reconsider my own commitment and risk tolerance. As a result, I hold no shares as of last Friday. Perhaps I'm just weak. That's probably to be expected from a near-heretic who is willing to give some attention to the thoughts of shorters. I would like to thank everyone on this thread who gave my concerns a fair hearing. I especially thank those who responded with criticisms, arguments, and further information. I have learned a great deal. I still hope Crystallex comes out on top. I simply can't muster much concern for shorters who may be caught in this play. I have a feeling that Barbara J. Payne will not be one of them. Regards