Forum Archive Index - July 2002

["Steven Tong" <soarer2@xtra.co.nz>]

Title: RE: [sharechat] Shorting Stocks

Short the Dow maybe ?   7.23 a.m  Dow down 220 points

 

 

Gold - Long

Dow - Short

 

 

 

 

 

----- Original Message -----

From: Craig Hoskin

To: sharechat@sharechat.co.nz

Sent: Wednesday, July 10, 2002 9:31 PM

Subject: RE: [sharechat] Shorting Stocks

Phaedrus

In the US, can you short all stocvks, say, on the NASDAQ ... or is it a select list as in AUS?

Cheers

Craig

|-----Original Message-----
|From: sharechat-owner@sharechat.co.nz
|[mailto:sharechat-owner@sharechat.co.nz]On Behalf Of Phaedrus
|Sent: Wednesday, 10 July 2002 9:21 p.m.
|To: Sharechat@sharechat.co.nz
|Subject: [sharechat] Shorting Stocks
|
|
|Phyllis,
|        Why bother trying to short stocks in Australia, when
|the US market is better for this in every respect?
|
|  Cheaper ($10/trade)
|  Easier (Exactly the same procedure as buying long)
|  Faster (60 seconds max, usually way less than 10 seconds)
|  More stocks to choose from (approx 10,000)
|  More volatility
|  Overvalued market (still)
|
| Some of the falls are fantastic. Take a look at the attached
|chart of RCCC. $100 "invested" in this stock is now worth $1.
|Pity the poor sods who bought and held. There are many Nasdaq
|stocks like this. Selling short in a bear market is a low
|risk, high return strategy.
|
|        Phaedrus.
|
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