Shorts can be painful on the way down.........but they can also be a bonus on the way up.
In certain situations if you take away the shorts you can arrive at a situation of no bid........not good.
Invest in companies you have researched and believe in and ignore the shorting shenanigans as well as the day traders.
We are in a bear market.......and this brings out the shorts in droves.
If you invest for the medium to long term stay the distance and above all never extend yourself beyond what you can afford to lose.
I have never shorted a stock.........when you know shorts are a work.......and provided you know a lot about the company just wait as the shorts will give you a wonderful entry point which is maybe what they are also looking for.
During GFC1.........I watched RIO go from $150+ down to the low $30.00's.........I took a punt and bought @ $34.00 and change and sold out at $71.00 and change.
What I'm trying to say is let the shorts work for you.
If you are a retail trader you are open game for the people that game the market........be aware of that.
Cheers
VIL Price at posting:
3.7¢ Sentiment: None Disclosure: Not Held
