Shorthand Actionscript

After the 25 lines of less competition, i saw a lot of people using a lot of different types of actionscripting, using ? and : alot. I know this is a type of shorthand (per say) way of writing actionscript, and was trying to look into a bit more. Would anybody willing to contribute to some of the usefull shorthands they know.

From what i can figure:[AS]if (condition){
foo = “if statement”
} else {
foo = “if statement”
}[/AS]can be written as AS ? foo = “if statement” : foo = “else statement”;[/AS]

Thanks

-Aussie Devil :thumb2: