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Jim Bishop

10/06/06 2:49 AM

#220599 RE: stockhound101 #220598

Name one that was shorted into oblivion, and proven to have been.

Been asking that question for a couple of years now, supposedly there have been thousands, yet we're still waiting for one example of a company "with a real product, without a toxic convertible, and with a business plan which involves something other than insider dilution"

To date, not one example has been given, not by Patch, not by Faulk, not by the dentist, not anyone.

Another question, why not flip these little ones? Hold a stock for from minutes to a few days, who cares if the stock you are buying and selling is real or not, the $$ are real, and they can be spent.
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TSXminer

10/06/06 8:53 AM

#220604 RE: stockhound101 #220598

Shorting is also a way to level "irrational exuberance", in case you haven't heard. The markets simply wouldn't work without it. Economics 101.
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fung_derf

10/06/06 9:48 AM

#220605 RE: stockhound101 #220598

Well you're awful cavalier about this....

I believe most investors know that sub-pennies are like buying a lottery ticket and that is partly because they are shorted into oblivion.


So, how much do think is an acceptable amount to lose on those lottery tickets? And what about those "other" investors not mentioned who get duped because of all the misinformation people like yourself put out there? I guess it's OK if only a small amount of people get hoodwinked and lose their life savings because they believe what they read from sterling and the other idiots.