Monday, January 28, 2008 4:26:39 PM
trading stock value, in the world, is shorted,
at the close of every day, while 95-98% is held long,
and that is Not counting any 'Naked' shorts, or any
M&M + Broker temporary/market-balancing shorts [1-3 days].
And, that's not even counting stock options + futures,
which even small players can trade, long or short,
even in the U.S.A. , in tiny trading accounts, that
have less value than a back-yard lap pool.
The entire $Trills Hedge Fund Industry is based on shorting.
And, the Hedgies have many Brokers. And, they are almost
everywhere. And, many are even 'owned' by U.S. Brokerages.
So, they are safe, and insured, and online + cell phone
accessible, 24/7, as the world trades, 24/7 .
And, many are in very nice places, that are fun to visit.
And, those Brokers love retail clients, who can meet their
minimum requirements, which are surprisingly low, for some.
Inconveniently, some require 1 or 2 business visits per year.
And, those local Brokers always know the best restaurants,
and hotels, and safe fun spots, and 'contacts' , etc. And,
they don't 'share' this info with Cruise Boat Tour Guides.
And, some even think that the frequently required business
trips could be partially deductible, against reported gains,
if there are any gains reported.
At the latest count, there are at least 3 Million
individuals who are "Millionaires" , just in the U. S. of A.
And, half of them a worth more than $8 Million,
and growing fast, every day. Except for unvesturs who
keep trying to get lucky , in between losing 90+% per year,
in 90+% of all pinks + pennys + money-losing quasi-shells.
We all agree that Mr Bishop knows a lot about what he knows
about, or, if it can be found on the internet. But, for most
of the best + useful things in life, you just had to be there.
Or visit, a few times per year, like a part-time job.
Averaging-down is profitable, for shorters, only.
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