Hi N-O-B,
You are a SHORTER and that is your primary reason for "bagging" Centro to holders on these threads imo!
____________________________________________________________
Thread: shorting is not evil
Noifsorbuts
Post #: 227798
Start of thread:
IP: 124.186.xxx.xxx
Sentiment: None
Disclosure: Stock Held
Views: 175
This idea that shorting is evil or immoral is an absolute nonsense.
Shorts create liquidty for starters.
Shorts also keep management of companies honest.
This comment about people who short stocks like BNB is really way off the mark.
Quote
"I really wish the shorts would do some research and analysis like I do....but it seems they would rather lie, cheat and steal to make money."
end quote
When people suggest that people who short stocks should do some research and analysis,it is obvious that they have and made a ton of money shorting these stocks all the way down from $34 to $9.
It is the people who are long who are wrong in this instance.
Take a look at stocks like Enron or Tyco in the US or stocks like Qintex,Westmex Bond Corp etc during the last boom.
Most of these companies that have been shorted into near oblivion have fully deserved it.Most are basket cases that are up to their eyeballs in debt with broken business models.
Anyone can borrow huge amounts of money during a boom to pay wildly inflated prices for second rate assets.
The real businessmen will buy these assets at firesale prices of 10 or 20c in the $.
The mantra buy low and sell high, applies to all asset classes.
Most of these donkeys did it arse about.
So don't complain about the shorters,complain about the dreadful managers running these companies,they are the ones who should be horsewhipped.
Shorts keep the bastards honest,not the other way round.
_____________________________________________________________
Thread: shorting is not evil
11/06/08 6:33:20 PM (View) Back Post Reply
Options:
Noifsorbuts
Post #: 227803
In Reply to msg: #227798
IP: 124.186.xxx.xxx
Sentiment: None
Disclosure: Stock Held
Views: 149
It seems lots of folks are stuck in very bad stocks and are lashing out at shorters in frustration.
Take a look at management, thats where you should be directing your anger.
Imagine a stock like Centro is like the Rabbitohs in rugby league or Melbourne Demons footy club in AFL.
It helps put it into perspective.
People have every bloody right to be filthy about these companies,I just think they are directing their anger at the wrong people.
_____________________________________________________________
Thread: shorting is not evil
11/06/08 7:41:04 PM (View) Back Post Reply
Options:
Noifsorbuts
Post #: 227817
In Reply to msg: #227815
IP: 124.186.xxx.xxx
Sentiment: None
Disclosure: Stock Held
Views: 95
I challenge anyone to show me an example of illegal short selling.
Plenty of people who were caught short (no pun intended) when the markets corrected were quick to blame short sellers,but the reality was that many of these people were long on margin and the game had changed.
They were victims of their own greed in many cases.
Eddy Groves was a good case in point.
He was looking to blame anyone but himself.
Shorts were a good scapegoat.
He borrowed too much money and expanded too fast.
It is as simple as that.
Nothing sinister or illegal or immoral.
_____________________________________________________________
Thread: shorting is not evil
12/06/08 7:39:07 AM (View) Back Post Reply
Options:
Noifsorbuts
Post #: 227894
In Reply to msg: #227822
IP: 124.186.xxx.xxx
Sentiment: None
Disclosure: Stock Held
Views: 34
anyone looking to short today?
I think we may find a short term bottom today with a bit of luck.
I am a buyer at the open.
_____________________________________________________________
Thread: i cannot believe people still blaming shorts
12/08/08 10:04:12 AM (View) Back Post Reply
Options:
Noifsorbuts
Post #: 236967
Start of thread:
IP: 58.170.xxx.xxx
Sentiment: None
Disclosure: Stock Held
Views: 78
That is the dumbest thing I have ever heard in my life.
You will lose a fortune if you keep focusing on the wrong things.
It is akin to blaming the umpire for Geelong beating Melbourne by 100 points.
Or blaming the gun maker when someone shoots somebody.
It doesn't make any sense at all, yet people keep throwing that up as a reason why their stocks are going down.
Stocks are dropping for all kinds of reasons.
BNB is badly managed and has enormous debt,same with CNP.
LGL is down because gold has dropped from $1026 to $826.
The commodity cycle has turned.
Nothing to do with shorts.
The entire world economy is heading into a severe recession.
It is that simple.
________________________________________________________________
Cheers, Pie :)
Add to My Watchlist
What is My Watchlist?