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Started By
Message
When you short sell stocks...
Posted on 3/25/09 at 4:31 pm
Posted on 3/25/09 at 4:31 pm
...do you ever feel a little guilty or maybe even a little dirty because you find yourself hoping for bad things happen to those companies you're shorting?
I know I do.... It's one of the reasons I don't short very often. It makes me feel bad to hope a company develops problems. As in, "Yippee! ABC Corporation just declared bankruptcy and a thousand people will lose their jobs! But I made a hundred bucks!"
I know I do.... It's one of the reasons I don't short very often. It makes me feel bad to hope a company develops problems. As in, "Yippee! ABC Corporation just declared bankruptcy and a thousand people will lose their jobs! But I made a hundred bucks!"
This post was edited on 3/25/09 at 4:39 pm
Posted on 3/25/09 at 4:39 pm to LSURussian
I used to feel that way, but then I realized that most companies I want to short are screwing people over in some fashion (esp. Lehman and Fannie/Freddie.)
Posted on 3/25/09 at 4:49 pm to LSURussian
quote:
..do you ever feel a little guilty or maybe even a little dirty because you find yourself hoping for bad things happen to those companies you're shorting?
Not at all. why should I? I am not making these companies go bankrupt, just making money when they do.
Posted on 3/25/09 at 4:54 pm to LSURussian
It's definitely far more fun to make money on the long side, but making money on the short side makes the collapse of the financial system easier to bear.
Posted on 3/25/09 at 4:54 pm to LSURussian
Guilt isn't really in my lexicon of understanding.
Posted on 3/25/09 at 4:57 pm to Colonel Hapablap
quote:Agreed.
It's definitely far more fun to make money on the long side
quote:Good point.
but making money on the short side makes the collapse of the financial system easier to bear.
Posted on 3/25/09 at 4:59 pm to MileHigh
quote:Neither is finance...
Guilt isn't really in my lexicon of understanding.
Posted on 3/25/09 at 5:24 pm to LSURussian
quote:
Neither is finance...
BAZOOM
Posted on 3/25/09 at 5:33 pm to LSURussian
quote:
Neither is finance...
yes, but I ate at wendys for lunch, so it makes up for it. Mmmmmmm Frostys......baconators.......and chili. yowzaa that was good.
I can't figure out why you have such a strong distaste for me. While I am not particularly likeable, I don't see how I wronged you.
Posted on 3/25/09 at 5:38 pm to MileHigh
Russian may not understand how to fix the global financial problems, but he's easily discerning enough to realize that you're a douche.
Posted on 3/25/09 at 5:40 pm to Colonel Hapablap
quote:
Russian may not understand how to fix the global financial problems, but he's easily discerning enough to realize that you're a douche.
I don't think douche is the right term for me. Asswipe or jerkoff would be more appropriate.
Or to use russian's lingo - burger flipper.
Posted on 3/25/09 at 5:57 pm to MileHigh
quote:
I can't figure out why you have such a strong distaste for me.
quote:You answered your own question....
I am not particularly likeable
Posted on 3/25/09 at 5:58 pm to LSURussian
quote:
You answered your own question....
Your distaste goes beyond the traditional dislike for me. Its borderline irrational.
Posted on 3/25/09 at 5:59 pm to Colonel Hapablap
quote:
Russian may not understand how to fix the global financial problems
Pfffttt! I've already done that. It's just that Ben Bernanke won't take my phone calls from Manila.
(I call collect.)
Posted on 3/25/09 at 6:00 pm to MileHigh
quote:
Your distaste goes beyond the traditional dislike
Finally something we can agree on!
Posted on 3/25/09 at 6:14 pm to LSURussian
To paraphrase what I read here, you dislike. You cannot state a reason why, or refuse to. And you seem intent on slurring me at every opportunity. My thoughts are that you think I killed your dog, or had sex with your wife, or molested your child. I can assure you none of these are the case. I love animals, have no interest in a woman as old as your wife, and I kill all the kids I molest. So, its clear your dislike is irrational.
Posted on 3/25/09 at 6:15 pm to LSURussian
ive always wanted to use this one. thanks
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