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To: John Bissell who wrote (4860)3/18/1999 11:34:00 AM
From: realmoney  Read Replies (1) | Respond to of 5300
 
John Bisele, in your post #4860 where you were writing about how shorts work, you wrote:

"Of course, they won't pick a stock that has sound fundamentals. They are very careful to pick a stock that would fall of its own accord."

I say amen. This is what I've been saying all along. The reason guys like me and Trader are short WCTI is not because we think we can talk bad about a good company and magically make the stock price go down. We can't manipulate it, either, because like you say, it does not have a small float and in your infinite wisdom you state that this is necessary to launch a "short attack". So where does that leave us. Why are we shorting WCTI? Once again I say amen to the answer you provided. Allow me to paraphrase. We are short WCTI because it is a piece of crap that will fall of its own accord.