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From: Robert A. Christy
Editor/Publisher, ‘The Intelligent Trader’
http://www.intelligent-trader.com
http://www.christyinvestments.com
Date: September 19, 2008
It sucks to be a short seller. The SEC has
banned short sales in most of the financial stocks. As someone who
shorts stocks for like his living, this is not happy meal time for me.
Look, “buying low and selling high” is way we do it. I just want to do
it in any particular order.
If I get my clock cleaned shorting stocks, people just smile and think
he got what was coming to him. But, when I make some money on the short
side, people scream bloody murder. You can’t have both sides in the
argument.
For those out there that call themselves free market types, please don’t
applaud what is going on right now. Is there a problem, yes there is.
But the problem is not with the short sellers.
The problem lies in the suits who bought into the view that derivatives
of any color were better than the real thing. Should the CDSs (Credit
Default Swap) be regulated? Yes – they should and in a big way. This
market is subject which means that no order is really firm and there a
host of conflicts and abuses.
Another day in the life – at least it isn’t boring.
That’s about it for now. Let me here from you if
you have any questions.
Robert Christy
The Intelligent Trader
P.S. Are you interested in trading along side me? There are 2 ways to do
so. The first way is through my stock trading service, The Intelligent
Trader. For just $249 you get a front row seat and the chance to get up
close and personal with the market. Just click to learn more. The other
way is through my dynamic forex trading service. If you have an interest
in trading and/or learning about forex, just drop me a note. I am in the
process of finalizing a new mentoring service geared to just trading the
forex markets. In your email, please let me know when would the best
time to get in touch with you.
P.S.S. Please fee free to forward this to your peers, friends and
associates you think would benefit from its contents. They will thank
you for it - and so will I!
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Robert Christy is a professional stock trader, money manager, author and
speaker. Mr. Christy is the President CEO of Christy Investment Group,
Ltd., a registered investment advisory firm. He is also the Managing
Partner and Portfolio Manager of Crabapple Capital Group, LLC and the
editor/publisher of The Intelligent Trader, a subscription based
long/short trading service. At the time of publication, Mr. Christy may
from time to time write about stocks in which he, Christy Investment
Group Ltd, Crabapple Capital Group, LLC or The Intelligent Trader has a
position. In such cases, appropriate disclosure is made. Under no
circumstances does the information in this column represent a specific
recommendation to buy or sell stocks. Mr. Christy appreciates your
feedback and invites you to send it to
rac@intelligent-trader.com.
Robert Christy
The Intelligent Trader
c/o The Christy Investment Group
P.O. Box 625
Alpharetta, GA 30009-0625
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© Copyright 2008 Robert A. Christy
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