Are Some Trades Immoral? Colorado Shooting

By: ispeculatornew
Date posted: 07.27.2012 (5:00 am) | Write a Comment  (3 Comments)

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You have probably heard about what happened last Friday morning, in the Denver suburbs, when a lone and deranged gunman ended up shooting tens of people that were watching the just released “Dark Knight” Batman movie. He ended up killing 12 with dozens more injured. We’ve heard more about some of the victims such as Jessica Ghawi (on the right here, see the foundation setup in her honor here), who had just escaped a shooting in Toronto a few weeks earlier… To say that such events are sad is a major understatement. It’s difficult to understand how such evil could exist in our world…

My question for today is a bit related. What are your thoughts on investors or traders that woke up on Friday and smelled an opportunity to make money? Some decided to short movie theatre stocks in a similar way to those that ended up shorting airline stocks following the tragic September 11 2001 events in New York City.

Is it moral or acceptable to try making money off of such events? I know that to many this is a black or white issue but I think it’s a lot more complicated than that.

Here is what I can say: I can’t imagine doing it. I didn’t cross my mind to think about opportunities when reading about it

That being said, I don’t blame those who did. Those stocks were going to lose value so it’s just a matter of who would be selling them first.. I guess it makes no difference, someone will end up doing it….Business is business

What are your thoughts?

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3 Comments

  1. Comment by A.K. — July 29, 2012 @ 9:41 pm

    I know someone who went long BP when the spill happened. He made a killing. I always felt the strongest pain for the utter immoral carelessness on that trade. Some people truly do not care.

  2. Comment by IS — July 30, 2012 @ 11:55 am

    @A.K.: So how would you react? When would you feel ok trading a stock like BP in such an event?

  3. Comment by A.K. — July 31, 2012 @ 5:23 pm

    I wouldn’t do it. Though you can’t stop anyone from doing it.

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