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Here's part of an article about shorting from

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bartermania   Tuesday, 01/11/05 09:57:35 AM
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Here's part of an article about shorting from Sept. 19, 2001:

Shorting stocks not unpatriotic, says Soros
19/09/2001 18:05 - (SA)

Hong Kong - International financier George Soros said on Wednesday that taking short positions in financial markets in the wake of terror attacks against the United States was not unpatriotic and helped them reach appropriate levels.

"I'm at a loss to understand what is unpatriotic about it," Soros said after a speech to the Asia Society in Hong Kong. "It probably helps the market to reach whatever level it is going to go to. Even if it overshoots it can rebound," he said.

Politicians in the United States have called on investors, shocked by the devastation of last week's air attacks which destroyed New York's World Trade Centre and paralysed financial markets for days, to undertake patriotic buying to prevent a free-fall in stock market prices.

Soros declined to say whether he had been selling short - taking a position in anticipation of a fall in the market - but said the tragedy had not resulted in a shift in trading strategy.

"No, it merely means an acceleration of things in progress and, therefore, didn't really require any changes to (investment) positions," he told a news conference after giving his speech.

His comments come as economists ponder the prospects of a global recession in the wake of attacks in Washington and New York on September 11 that may have killed more than 5 000 people.

Yes...nothing like making a bad situation worse.


- I will not be a slave to or of death cults - n/b/k - NO QUARTER FOR CORRUPTION http://investorshub.advfn.com/boards/board.asp?board_id=3319
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