To: GlenRP who wrote (626 ) 5/19/1999 3:11:00 PM From: Puck Respond to
I'll support whatever you want to do so long as it has Brent's blessing. Additionally, from reading many other threads on SI, I have come to believe that anyone can short a BB stock. The difficulty can be in finding shares to short. I have paid particular attention to the HITT thread. Some professional shorts dug up a lot of very ugly dirt on that company early last week and shorted it massively with impunity--there's so much crap about it that I don't think the stock will ever recover because nobody will be able to believe in it again. Very quickly others joined the thread. One poster complained about not being able to find shares initially but after a couple days he did; although he had to shop around and open an account at a brokerage that could fulfill his wish. Incidently one of the pros asked another pro if he knew of any broker that had shares available for shorting. The other replied "Smith". I presume that meant Salomon Smith Barney and that he was trying to be discreet about it by abbreviating the name. Here's a list of names of SI members who are obviously quite accomplished and spend a lot of time looking for scams (usually BB stocks) to short. I presume they all hold long positions as well but for the short term. Some of them are hedge fund managers and have hundreds of millions at their disposal. Each one has his own thread and a devoted following. The exchange of ideas is good and for the most part the pros appear willing to share their knowledge with others who are sincerely interested and respectful. They benefit mightily by communicating with others, who respect their judgment, about what they are doing because these people might follow their lead. The larger the following, the more they can fulfill their own prophecies about a stock's price movement. Check them out:
