[lbo-talk] Tabbi on Goldman

[// ravi]

On May 29, 2012, at 8:49 PM, Max Sawicky wrote:
> You can sell shares you don't own by borrowing them.
> Sell them for X in hopes the price will go down, then
> buy them later for less than X (to return shares to
> whomever you borrowed them from) and pocket the
> difference. It's how you short a security.

And then there’s also option trading: http://en.wikipedia.org/wiki/Option_(finance). It’s a beautiful world out there! My own formula is simple: everytime AAPL loses >= 70% of Nasdaq decrease, and there’s no *real* terrible news about the company, I buy AAPL. Mixing that up with some AAPL option trading when such downturns occur would add some extra cash at selling time, :-) but I haven’t got there yet.

	—ravi