re: last gasp rally opportunity!
I completely agree that the market is due for a correction. The only company in my portfolio which is long is MGX. I want to pull the plug on that very shortly though.
But ... the point I'd like to make here is ... this last gasp rally is an opportunity. Not just in terms of the bargains AFTER the fall, but also locking in short CFD's or put options or other derivatives of stocks,BEFORE the collapse.
So ... I ask everyone what are the nastiest bubbles on the ASX 200-300 which are ready to pop? My main ones would be NLX, DRA, but there are plenty of others! What short opportunities would others see for a collapse?
I often think we focus way too much on share price appreciation on HC, when clearly buckets of money can be made from shorting stocks. For those who don't know what that means ... profiting from the downfall of a stock using options, CFD's or other derivatives. I believe shorting is a very safe way to make money, because there's only one direction the market goes (and the stocks within it) when fear sets in!
