To: SwampDogg who wrote (14115 ) 3/28/1999 6:26:00 PM From: RG Read Replies (1) | Respond to of 37507
I just got in and read through a few messages. Thought I would throw in a few comments about "The angry shorter's" post. Why are you angry? If you propose that "MOST" people in the market lose money, then you should have expected to lose money! You just preached that most would lose money, so why not put yourself into that category?!! I don't agree that most lose money in this bull market. Historically, that may be true considering the time from the inception of the stock market, but presently in this bull market, I would think that most make money. I heard on CNBC one frequent guest say a couple of weeks ago, he was shorting AOL! Does that mean AOL's stock is going to dive and that the stock is worthless? Some like to play the market by shorting a stock they think has had a big run up. They are taking a big chance particularly when NO ONE knows how well an INET stock will do in this market! I would rather not short an INET Auction company now because I think that the present popularity of these companies is overwhelming. And, with the concept that everyone who owns a computer in the USA, Canada, and soon to be Ireland, will have access to buying items from this one company, the future revenues of Bid.com is certain to go up and the valuations of the stock will continue to increase. Now, that Bid.com is becoming "known" in the US where it was widely "Unknown" makes sense to me that the company's revenue from the US will continue to increase. So, "Angry shorter", you have every right to short a stock and some would say that shorters are good for a stock. The only problem I have with shorters is that they would say anything to promote panic and would "sell out their mothers" to make a buck! As Tiger so eloquently put it, consider this when reading posts by shorters.