wayneL
VIVA LA LIBERTAD, CARAJO!
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- 9 July 2004
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Going by the poll results, one would suggest that 65% of investors or more are short in this current market. No wonder we have been slipping into the black hole. Bad rumours get spread, companies collapse, people lose their jobs, and people suicide, how can shorting be good for the common person.
Glad shorting is being banned:
Going by the poll results, one would suggest that 65% of investors or more are short in this current market. No wonder we have been slipping into the black hole. Bad rumours get spread, companies collapse, people lose their jobs, and people suicide, how can shorting be good for the common person.
Glad shorting is being banned:
Going by the poll results, one would suggest that 65% of investors or more are short in this current market. No wonder we have been slipping into the black hole. Bad rumours get spread, companies collapse, people lose their jobs, and people suicide, how can shorting be good for the common person.
Glad shorting is being banned:
After some of the comments on this thread and others, I'm going short on humanity.
Going by the poll results, one would suggest that 65% of investors or more are short in this current market. No wonder we have been slipping into the black hole. Bad rumours get spread, companies collapse, people lose their jobs, and people suicide, how can shorting be good for the common person.
Glad shorting is being banned:
What I read out of this thread is that there are a few ASFers who will defend their right to trade this way even if the trading is nonproductive in a real sense. They are quite happy to profit by any means and have no sympathy for any other investor that has made a genuine investment and ended up losing their super.
What I read out of this thread is that there are a few ASFers who will defend their right to trade this way even if the trading is nonproductive in a real sense. They are quite happy to profit by any means and have no sympathy for any other investor that has made a genuine investment and ended up losing their super.
There are others prepared to accept short trading providing it is open, recorded and that the trader short selling must have ownership, or control of the ownership, of the stock being traded. That is my personal opinion.
There is no doubt that the way short selling has been used recently has been a blight on the investment scene.
What I read out of this thread is that there are a few ASFers who will defend their right to trade this way even if the trading is nonproductive in a real sense. They are quite happy to profit by any means and have no sympathy for any other investor that has made a genuine investment and ended up losing their super.
There are others prepared to accept short trading providing it is open, recorded and that the trader short selling must have ownership, or control of the ownership, of the stock being traded. That is my personal opinion.
There is no doubt that the way short selling has been used recently has been a blight on the investment scene.
What I read out of this thread is that there are a few ASFers who will defend their right to trade this way even if the trading is nonproductive in a real sense. They are quite happy to profit by any means and have no sympathy for any other investor that has made a genuine investment and ended up losing their super.
There are others prepared to accept short trading providing it is open, recorded and that the trader short selling must have ownership, or control of the ownership, of the stock being traded. That is my personal opinion.
There is no doubt that the way short selling has been used recently has been a blight on the investment scene.
Good post Nioka.
I think it is disgraceful that stocks can be shorted (sold) even if the seller doesn't hold legal title to the stock.
This should be stopped immediately. Also I believe the fines for this type of shorting should be increased massively and enforced rigidly.
Yes. Looks like the spin doctors, lobbyists and media and have done there job and the sheep and the gullible have fallen for it again. Diverting attention from the real situation or causes is what they are good at.
The root cause of current events really has very little to do with short selling per se.
The 'Houses of Cards' have experienced a series of events that have exposed their weaknesses, including the resultant consequences, for all to see.
Go back 12 to 18 months and relook at the series of events that were unfolding and people will see that this was not caused by short selling.
Consider the level of denial that was being espoused by major financial institutions around the world, as to their level of exposure and the potential impact or lack thereof, and now look at the reality of the situation.
Now they want Governments to bail them out and the taxpayer will end up bearing the cost, but fundamental issues that caused this will end up being swept under the carpet once again.
Anyone who thinks that banning short selling, especially any form of short selling, regardless of the market (e.g., stocks, commodites, derivatives, etc.) has very little understanding of market mechanics or why they exist.
Legislation, as a knee jerk reaction, with regard to short selling that fails to consider commercial and market realities could potentially create more problems than it solves.
Cheers.
I'm sorry but that doesn't make sense.....You state " I haven't seen anyone object to banning naked short selling" ,.....but that is what the ASX is doing and plenty of people on this thread are complaining about banning short selling....If they are not objecting to banning naked short selling what are they objecting to?
Clearly they don't understand the difference....
Going by the poll results, one would suggest that 65% of investors or more are short in this current market. No wonder we have been slipping into the black hole. Bad rumours get spread, companies collapse, people lose their jobs, and people suicide, how can shorting be good for the common person.
Glad shorting is being banned:
Nioka,
It is dangerous to walk around with manufactured opinions borrowed from the media and then believe them enough to get emotional over.
Really, this is knuckle dragging stuff the world is being subjected to by the likes of the media and people shifting the blame from the real causes.
Ok. But then you say this below...(in red)Likewise I have had enough experience in business to see through the attitudes of a lot of posters on ASF that have no real wide experience in the business world.
Now, I thought it was quite clear that anyone with any sense of investment survival be that through trading short, medium or long term, that this forum does provide anti reckless attitudes and information. Enough to say that investing as according your paradigm is RECKLESS. HIH. Ring any bells? And the shorters wern't blamed then. Who provide the public with any consideration then? And is that different to today?This forum concentrates on the money angle at times as though it is the exclusive factor in business. To be traded recklessly with no thought to productivity or for any consideration to others.
Just as we need traffic regulations for safety on the road, we need regulations governing trading. There is no doubt that the use of trading shorts has been abused. Safety on the road could be guaranteed 100% if we were banned from using the roads. Instead of a ban we accept rules that reduce the risk. By the same token, we need rules to control short selling. Until we have rules the practice should be suspended.
Some of you may just have to resort to other means of trading while the rules are established. Can I suggest real fundamental investing and be a part of the real investment money part of the business community.
B]They are quite happy to profit by any means and have no sympathy for any other investor that has made a genuine investment and ended up losing their super.
Some of you may just have to resort to other means of trading while the rules are established. Can I suggest real fundamental investing and be a part of the real investment money part of the business community.
Sorry Nioka you have a lot to learn in the business of investing. Your assumption that the people who support shorting only trade short shows a lack of investment and market savvy not to mention ignorance.
lol, so the greedy companies that have caused this debacle and have the US economy on the verge of collapse because of the short sighted nature of thier investment decisions and dodgy financial engineering are okay but the traders that are smart enough to make the most of the opportunity deserve to be hung?
So because you don't agree with how other people invest or trade we should all now invest the way you see fit.
Agree that I have a lot to learn about investing. Don't we all.
I never assumed that people that support shorting only trade shorts.
What I do know is that the real reason for a stock exchange existing is for it to be a vehicle for the provision and maintence of the financial needs of a productive society. I also know that there are those who would like to siphon off as much of that finance as they can for their personal use rather than leave it in the productive system.
I see a vast difference between a smart investor and a smart trader. In my case my smart investments are much more important to me than my smart trades. However, saying that, I only trade stocks I am prepared to invest in.
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