Re: stock market going north

On Fri, 6 Mar 2009 22:30:23 +0000 (UTC), Alphonso
<alphamachine-nospam@xxxxxxxxxxxxx> wrote:

F. George McDuffee <gmcduffee@xxxxxxxxxxxxxxxxxxxxxx> wrote in
news:5pb2r41edhg5a845dgau8gd2hs6chprcu7@xxxxxxx:

http://www.bloomberg.com/apps/news?pid=20601109&sid=aQWwTSdLSybk&refe
r= home

Quoted from above article:

In a short sale, traders borrow stock and sell it, hoping to profit by
replacing the shares at a lower price.

"Borrow stock". Borrow from whom?????? Sounds like every embezzler
when caught: "I was going to pay it all back."
---------

Who does he borrow or rent the stock from???? And does that person know
that his stock has been borrowed or rented?????

I must not be very smart. From your responses it sounds like you are
saying: Someone offers to sell a stock which he does not own or may not
even exist. Isn't that plain, ordinary theft?

I had a guy try to sell me a car once. When I went to pay him and pick
up the car, the true owner showed up, and when made aware of what was
happening, called the cops. The "seller" went to jail. I kept my money,
the owner kept his car. How is this different than selling stock??????

--
Remove "nospam" to get to me.
.

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