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Re: michalel97123 post# 1108

Tuesday, 07/09/2002 3:14:23 PM

Tuesday, July 09, 2002 3:14:23 PM

Post# of 704041
What would temper buying frenzies if it weren't for short sellers? It's the shorts that work hard to place fair valuations on stock prices. And at considerable risk I might add. It is when the shorters fail that we get mania bubbles and the subsiquent crashes. Just as the long term survival of a caribou herd requires the presense of wolves the market needs the dark siders.

Disclosure: I am only long at the present.
Les




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