Quote:If you can do that, then congratulations, there is a job waiting for you on Wall Street.   And you won't be sitting with us peons in the stands, you will have a sky box.   

 

I just don't believe you can do that with enough consistency to avoid losing money.  

 

If you buy "long" your risk is limited to your investment.   If you short, your risk is theoretically unlimited.   Think about that.  Besides, do you really think you know more about what's happening at Acme Novelties than the average hedge fund manager who is doing this 24/7 and has a pipeline of information that you don't have?  

That's why I don't use shorting as a strategy...I'm paranoid that if I short a stock it will go up and 3 days later my broker will call  for me to cover after a big gain...Now if I were to see something like a huge lawsuit pending against a company or if I were invested in an airline and one of their planes crashed, I may take a chance and short, but as a general rule I don't like to short stocks...

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