RE: Oh Boy , Oh Girl , Oh God

["Rick Parsons" <RickParsons@xxxxxxxxxxxxxxx>]

My impression was 
that they use "our" stock.  If we hold some stock long, the 
brokerage can loan "our" stock to someone else who goes short.  We of 
course never know this.
 
<FONT face="Vladimir Script" color=#000080 
size=5>Rick

  <FONT face=Tahoma 
  size=2>-----Original Message-----From: 
  owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On 
  Behalf Of strawhatSent: Thursday, October 10, 2002 9:25 
  AMTo: metastock@xxxxxxxxxxxxxSubject: Re: Oh Boy , Oh 
  Girl , Oh God 
  Theo,
  I am just starting on this list and your were the 
  first message. Interesting observation about what the "pro's" are doing. Have 
  you read Reminiscences of a Stock Operator. If not it will go a long way in 
  helping understand what the "pro's" are up to. In reality being a professional 
  means that they want to make money. Just hypothetically thinking. If the 
  brokerage house had a lot of shorts they needed to cover would they tell the 
  public to short / sell these stocks or would they tell them to buy, or hold 
  them? It's kind of a contrary approach, but if the broker purchased a large 
  quantity of stock when a company is new, or at a low point. Who does he then 
  sell them to after they have gone up. In the same regard. After he has short 
  the market Who does he get to sell him stock for the cover. I would think it 
  would be the general public. The ones that are being told to buy, hold , or 
  sell.
   
  Also, If the unknowing are holding and buying a 
  stock I think this also allows brokers to then loan a percent of those 
  stocks to the knowing so they can sell short. I think brokers have 
  to have stocks in there account in order to loan them to some one wanting 
  to short sell the market. Kind of like a bank needs to have money in its 
  account so it can loan cash out.  The bank has its set reserve 
  limits on how much of its customers money it can loan out. I don't know, but I 
  would also think that a broker would also have a reserve limit on how many of 
  its customers stocks it could loan out. I don't think that a broker would go 
  to the market place and by stocks at a high price knowing that the market is 
  going down to loan you the stock so you can sell short. I would think that the 
  broker would want to pass this loss on paper on to someone else. I don' t know 
  this for sure. Maybe someone else in the list does. I think I am thinking 
  about this from the right perspective. Any comments? Thoughts? Ideas? Where do 
  Brokers get their stocks to loan to people wanting to short sell the 
  market?
  Jerry Medlin
  <BLOCKQUOTE dir=ltr 
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    ----- Original Message ----- 
    <DIV 
    style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
    Theo 
    Lockefeer 
    To: <A title=metastock@xxxxxxxxxxxxx 
    href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx 
    Sent: Thursday, October 10, 2002 3:02 
    AM
    Subject: Oh Boy , Oh Girl , Oh God 
    
    
    Hello all "lefters"
     
    This list is dying or ?
     
    I recently studied the Buy, Hold, Accumulate, 
    Markt
    outperform ratings etc of all those so-called 
    professionals
    and they are all making the same mistakes over 
    and over
    again : unbelievable.
    The Prices of many stocks go lower and lower 
    and they
    keep all saying things like : upgrade from Hold 
    to Buy :
    This is principally wrong because we are in a 
    Bear market
    Boys and if you buy in a bear market you are 
    going against
    your friend (the trend).
    If a stock is in a DownTrend you NEVER 
    should buy it !!!!!!
    But they really donot see it : ok : for me no 
    problem but
    those heavenly paid professionals are making 
    such terrible
    mistakes again and again : unbelievable as 
    said................
     
    OK for some stocks it looks like we are 
    reaching bottom-
    levels : so bears be carefull here and donot 
    short the bottom
    because it is essential the same as when you 
    are buying the top....................
     
    They never did see the other side of the coin 
    :)
     
     
    Good Trading ,
     
    Theo
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
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