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Re: AngeloFoca post# 17262

Tuesday, 08/30/2016 10:33:45 PM

Tuesday, August 30, 2016 10:33:45 PM

Post# of 38634
I understand that some people care a lot about this company and believe it can achieve great things and benefit society. But some people don't trade stocks to support the company but instead to make money. Mixing an emotional attachment to a company is never a good idea.

Its not that difficult to understand. For example, I believe that the macro market will go up tomorrow. Why then do I hold major short positions in a number of major indices? Because even though its likely the market will rise tomorrow, it will likely go up by a small amount, the losses are minor. If it goes down it will likely be a significant amount. 60% chance it rises by .5% or 40% chances it falls by 3%.

It makes sense to hold both short and long positions here. If it goes up, it will likely be significant, if it goes down, which is significantly more likely, it will be a small amount.

You definitely might be able to buy lower but not by much, so a small short position in contrast to a large long position makes sense.

If I were to hazard a guess, Sprot is likely here to make money. Not to support the hopes and dreams of those emotionally attached to the company.
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