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To: RummyChick
Short selling is one of the biggest most destructive rackets imaginable and serves no good economic function. By law the brokerages are able to "borrow" (steal) stock from owners who have bought them on margin and allow the parasites to sell them. This is against the interest of the owners who would never allow their shares to be used in such a fashion knowingly since it cannot help but undermine their financial interest.

Other countries do not allow this. Those wishing to "bet" on a stock's fall should buy put options or sell naked calls. But that way they cannot manipulate the market.

6 posted on 05/22/2002 1:05:39 PM PDT by justshutupandtakeit
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To: justshutupandtakeit
Short selling is one of the biggest most destructive rackets imaginable and serves no good economic function.

That's absurd. The market is served by rational prices. Are you one of these guys who thinks the only purpose that the market serves is to go up so that you can make money for doing nothing?

By law the brokerages are able to "borrow" (steal) stock from owners who have bought them on margin and allow the parasites to sell them.

How is this theft? You don't have to loan your stock out if you don't want to. Plus the short sellers pay interest on what they borroe.

This is against the interest of the owners who would never allow their shares to be used in such a fashion knowingly since it cannot help but undermine their financial interest.

Once again, the owners do not have to allow thier shares to be borrowed. You sound like one of these guys who got burned in a stock that was worthless, but have decided to blame someone onther than yourself.

35 posted on 06/12/2002 1:07:14 PM PDT by Rodney King
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