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Post# of 346953
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janice shell

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janice shell

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Re: no_BS_plz post# 221669

Thursday, 10/01/2009 1:12:02 AM

Thursday, October 01, 2009 1:12:02 AM

Post# of 346953
When Lehman Bros started getting hurt by the MBS (mortgage-backed securities) position and the CDS (credit default swaps) they owned, short sellers attacked them in a big way.

So?? That's why shorting EXISTS. You think a company is wildly overpriced, has fundamental problems? You short it.

That's the POINT. In the scenario you describe, the shorts were punished for having been RIGHT.
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