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To: Ol Claus who wrote (33686)	12/11/1998 2:29:00 AM
From: dch	Respond to of 50264

That's the way it seems. In principle, shorting could be healthy for the large herd of businesses. Just as jackals, vultures, hyenas, and wild dogs, remove weak and unhealthy animals from the mix, shorters can help put business--that have no business being in business--out of business. Problem is, just as scavengers and predators are capable of taking out weak and sickly animals, they are also perfectly capable of taking out the strong--they just have to work a little harder, longer, and be a little craftier. They have to work as a "team" to get the "job" done. Parallel applies, I think, with shorters. So it's not strictly the survival of the fittest at play--unless you consider killing the share price of companies that actually have a valid business and could otherwise have a profitable future, fitting. I think there's supposed to be a bit more intelligence at work in the market. It's supposed to be orderly and it's supposed to actually help those business, that do have a product and service that is of value to consumers and/or other businesses, survive the rigors of starting up. But there ain't no guarantees, or protective laws that get consistently enforced, in the wild. Like predators and scavengers, shorters seem to need to gorge themselves and to exhibit very aggressive and vicious behavior in order to "survive." Taking out weak and unhealthy companies is not their primary purpose. Taking out companies because they can be taken out, or weakening companies because they can be weakened, appears to be the call of the wily. Of course, its' more accurately the money to be made by shorting that is the target--or rather the investor's money. It's the investors that are the victims as much or more than the companies. If you're long, it's typically because your DD has demonstrated to you that you're betting on a strong company that will survive and thrive. But one must also account, and keep an eye out, for the scavengers, predators, and parasites. --dch (excerpted from "Jugular Book")

To: Ol Claus who wrote (33686)	12/11/1998 11:10:00 AM
From: CoffeePot	Read Replies (1) \| Respond to of 50264

Shorting bb stocks is NOT illegal in the United States.....it's up to the discretion of a particular house to offer these services.....my broker says he can short ANY stock he can find shares for which is pretty much anything.....but you have to have the $$$$ because capital requirements can be pretty high, for a $1.50-2.00 stock my broker requires $3 in equity for every $1 short....anyway heres some brokerages that will short bb's CIBC Oppenheimer,Fidelity, Sal. Smith Barney & Jack White