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To: opentalk
In every stock sale, the buyer is betting the stock will go up; the seller is betting it will either stay the same or go down. Short selling is simply betting on stock you don't yet own, but intend to buy when it goes down. Nothing wrong with that. If you're wrong, you lose, just as you lose if you bet the stock will rise and it goes down instead.
8 posted on 03/06/2010 11:43:07 AM PST by JoeFromSidney
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To: JoeFromSidney
It is wrong to use it to influence elections, which Soros is being accused of. I thought he had something to do with the run on money market funds that happened right before the election. He should be put in a pine box and buried if he is waging an economic guerrilla war against the free world.
10 posted on 03/06/2010 12:37:13 PM PST by peeps36 (Democrats Don't Need No Stinking Input From You Little People)
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To: JoeFromSidney
from article:

In the case of Greece, Diamond says that the country “gathered all her nest eggs and brought it to the wolves’ den at Goldman Sachs,” a member of Managed Funds Association, “but Goldman Sachs then shorted the market while their clients were on the other side of the trade.”

13 posted on 03/06/2010 12:57:05 PM PST by opentalk
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