To: Lucky who wrote (1621 ) 6/19/1998 5:42:00 PM From: LegalBeast Respond to of 43774
Thanks DG, I appreciate the help ... see the rest of the note at the bottom :-) <<<<< >Sounds like a crock to me. Lacks reason. The more shorters there are, the faster the dips and the more action on your money. Tell me, Mr Lucky, do you get some gratification out of the power trip you create by making folks think that you can do something that they cannot?< Sounds like you need a quick lesson on the market.Shorts do not make stocks drop in price as they need to short on upticks(read a book to find out what an uptick is if you don't know).Only actual selling of stock and MMs can hit the downticks and cause a stock to drop. Also the less shorts involved the greater the stock rises and the harder it falls(that's why BB stocks are so volitile)as there is little shortselling and shortcovering to support the declines and too many shortsellers decrease the rise.Too many shorts end up squeezing each other(see YHOO,AMZN)and fighting over the stock when it drops. The lesson is over and I am done here.Wasting too much time now. Lucky.>>>>>>> Did you get that all on your own? Very creative to be sure! I really don't give a big rats a__ when you short, a sale is a sale is a sale. The only difference is that you have to cover the sale with a purchase. A short sale indeed can cause a stock to drop, especially when added to other sales. Now when a MM does it, generally it is a case of them simply selling stock that they don't have, but when you or I do it, it is a case of borrowing someone elses stock, selling it, and having to replace it. But then I remember that in your world, it is just like a casino and you are betting on the "Don't Pass" line isn't it? You are in your own world with your own rules trading with your own imaginary broker ... need another dose of Phenothyazene or can you hear your broker(s) more clearly without it? Now that you have wasted so much of my time, where shall I send the bill, sweetheart?