Bailouts & Trader Tax 1

Last Friday Timothy Sykes and Phil (stock world) got into a REALLY interesting conversation about How our government could have prevented this predicament and they also discuss the Trader Tax that may come into effect and seriously hurt day traders.

Category:

Education

Tags:

• Timothy
• Sykes
• Bailout
• Trader
• Tax
• Bill

[StockHunter20]

LMFAO! Shorting doesn't kill a company because you have to BORROW the shares! That means for EVERY share thats short, there is a share thats LONG!! Some people are so dumb, shorts don't drive stocks down you morons.

[orionmachine]

Phil was talking about "Naked" shorting, which is when you do not borrow the shares. According to Tim and Phil there is a big difference between the two. I am not a stock expert though, so I can't dispute the case.

[orionmachine]

Go to investopedia and look up "Naked shorting" it will explain the difference.

[blumberg12]

Wow they both have lisps.

[Mackoek]

lets see....

Company + traders are losing money...OR

Companies are losing money and traders a profiting...what is best for the economy...hmmhm

[StockHunter20]

Ah, I see. Pardon my overreaction, I've just been running into a lot of people who think shorting is "evil" and should be banned.

There is a big difference, and that is naked shorting is illegal. However most people don't think of this and say shorting stocks drives them into the gorund, and therefore they say shorting should be banned or we should slap more regulations on it. All we have to do is enforce the laws that are already there.