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Novation Companies, Inc. Message Board

  • harryofanguslane harryofanguslane Jun 29, 2003 5:16 PM Flag

    Smalltimer Shorts Misery

    We used to get at least a handful of somewhat clever lying bashers among the pathetic losers over the weekends. That's why I thought there was a slight chance that some serious albeit mistaken and/or disengenuous shorts were posting.

    But this weekend has been sad, even pathetic with absolutely no bash coming even close to meriting a serious response. Smalltimer shorts, get smart. Remember Warren Buffett's two Rules for Investors. First, Don't lose money. Second, Never forget the First Rule.

    And the Rule of Holes. When you're in one, stop digging.

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    • << Remember Warren Buffett's two Rules for Investors. First, Don't lose money. Second, Never forget the First Rule. >>

      There's also Warren's advice in a poker game -- if you don't know who the designated sucker is, you're it. In this case, I thought the small-time shorts had been sucked in by the big boys, helping take them out of a bad trade, but now I just don't know. I think that for the past month, most small-timers probably couldn't borrow stock, at least after the brief availablility from the secondary issue. There's still the possibility that the big extra short was selling short against the box by one of the mutual fund holders. Doesn't change the fact that they'll buy it back some time, but at least changes their economics...

      hh