By now, those of us who’ve learned to rake in solid gains through short selling and PennyStocking realize how easy it all is, but for the rest of the suckers out there these are still big bad mysterious strategies
Check out THIS new newspaper article that is just a basic summary of the risks and rewards involved with short selling and look at my quotes:
“It’s considered a speculative strategy for a reason because in the long run stocks do tend to go higher,” said Mr. Sykes, 27. “But on the other hand, more than 50 percent of stocks go down in a year regardless of what the market does. So it is a viable strategy in my mind.”
That’s a decent point, but how can you not get angry at comments like this:
“Short selling is not something I’d advocate for anyone who is not a professional trader,” said Michael Cohn, chief investment strategist for Atlantis Asset Management in New York. “I’d be more inclined to recommend shorting an index, as opposed to shorting individual stocks.”
Cohn you dumb motherf%^&#, I’d short your career before I’d ever short an index–scumbags like you make my job of teaching people basic friggin things like short selling harder so we can’t be friends.
Let me be very clear, Cohn & every other wannabe traders who’ve talked or written about short selling is focusing on shorting companies for fundamental reasons–everyone wants to be the next Chanos shorting Enron down to 0–but they ALL ignore short selling penny stocks, which are pretty much uniformly fraudulent.
Why is short selling fraudulent penny stocks such a revolutionary idea? It’s not. Finance people are just the most unimaginative, unoriginal pieces of sh$% in the world so you gotta thank God for them leaving this opportunity wide open.
So, be polite and leave a comment below thanking these dumbfu%^s we owe all our easy profits to their incompetence.
Posted in Safe Trades, Short Selling