Forum Archive Index - July 2002

["Roley Rackley" <roleyr@xtra.co.nz>]

Phaedrus,
Most interesting, are there any time limits as to when you must buy to cover
the short?
Roley
R O Rackley
Auckland
New Zealand
----- Original Message -----
From: Phaedrus <Phaedrus@techemail.com>
To: <Sharechat@sharechat.co.nz>
Sent: Wednesday, July 10, 2002 9:21 PM
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.
>
> _____________________________________________________________
> Are you a Techie? Get Your Free Tech Email Address Now! Visit
http://www.TechEmail.com
>
> _____________________________________________________________
> Promote your group and strengthen ties to your members with
email@yourgroup.org by Everyone.net  http://www.everyone.net/?btn=tag
>


----------------------------------------------------------------------------
----






----------------------------------------------------------------------------
----


> --------------------------------------------------------------------------
--
> To remove yourself from this list, please use the form at
> http://www.sharechat.co.nz/chat/forum/


----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/