supershort

The SEC Panics

Sorry for the long winded post. What I mean to say is that get rid of naked shorting but allow 100% of the shares to be shorted or bought long. That would solve this issue and make for better pricing of stocks. Naked shorting is found because the big guys want to dollar cost average their positions after all the "shortable" shares are already held short.

The SEC Panics

For all you people who think that naked shorting should not be allowed, I will give you a sound argument why it should be allowed. If you are an individual investor, you will not be allowed to sell naked, as the standard brokers will follow those rules about obtaining stocks to borrow. I have personally been caught on the wrongside of a trade and wanted to so desperately short moore shares to dollar cost average down only to be unable to borrow those shares. Sometimes the stock falls back to my entry point but sometimes it doesn't and you can lose big also. There is more risk in going short and I have only traded stocks short for the last 2 years and have made more money than with all my long positions. Granted we are in a bear market, but whyt shouldn't the markets be free and completely lucid. The way they are set up now, it is not protecting the active investor because you are being limited in how you can trade. Why should I be allowed to only go one way in a trade, especially if you know it's a dog. We should be allowed to make money on these pump jobs freely and as much as we can stomach the risk.

Most "good" companies cannot be affected by the short sellers unless the short interest is allowed to be equal to the shares outstanding, which is hard to reach 50%, without naked shorts. If you are an investor, you should not fear shorts as the are doing exactly what you are trying to do and that is make money. Do not make this a closed and back room market. Let the markets be free.

Short Covering Helps Boost Stocks

Although the major indicies are up over the long term, it is a fool's game to invest long term. For every Microsoft, if you bought in 86, there are hundreds of Enron's and other companies that went bust. Since last year, I have been a short seller and I have been up 24% last year. This year I am up 16%. I short every overvalued company, SPWR, BGG, ALGN, JCW, anyone that the P/E ratio is greater than the rest of theri peers. I may get upside down for a while, but they all come in.

As far as fixing the economy, How about fixing the government first. Less taxes and less interferrence in the markets. Anyone who calls for a government bailout is a socialist, or communist. That's not what free markets are all about. You numbnuts should read our constitution. The government presently is bankrupting us and will descimate us in the long term. You want America strong, bring back manufacturing here. Make laws about CEO's and others in stock option distributions that are equal for everyone. Build more nuclear power plants, and we will have enough oil for ourselves to power the autos. Yes, we have to have our peple doing the jobs that illegals are doing now. Yes, it will be a bitter pill, but it will make us stronger in the long run. Less government, less welfare, less handouts, no bailouts, just hard work which this country was founded on but now is about doing the easiest way out without work. There is no such thing as a free lunch nimblenuts, remember that.

This won't be over until a few banks, insurers, lenders, retailers, and other companies go out of buisness. That's when you go long, but only on low P/E stocks and a very selective few which I still can't see yet. It is much easier to short than go long.