Thanks GK, looking back at my trading I have been selling my good ones (halving share numbers) but when they have been very good down shares eg FLT FXJ CSL I have ended up with too few or no shares. Then I have loaded up at lower levels once more to be squeezed as they go up. My buying on the falls hoping for more fall has eaten profits which would have been 10% (on 1.5 million) instead of loss of $17 000 as of yesterday.
You are incorrect with holding cost at least on Commsec since you EARN 2.5 % on short BUT costs are incurred with divvies so basically the cost is under 1% for me over past 6 months.
I also forgot to mention WOW which has decreased from $38 since I shorted. My old shorts from Feb have consistently dropped (over 4 months) except CBA. My choices have been correct.
My long term is next 6 to 12 months. Trading costs currently are $5 per $10 000 so actually pretty small. You cant get lower trading costs than that!
I like the numbers on S&P 500 remind me of years 60's to 70's. Am going to take out shorts on S&P once again. It is fiddling on small volumes lacks conviction to get to 2000.
Remember the sideways market in Australia has had shares with SIGNIFICANT FALLS. MOST (62%) shares in the USA top 500 are 10% lower now than in January some biggies make it look better (See Casey report). These are the shares I want to short so pick and chose the market losers AND HOLD>
Yes I saw the report from economists remember they work for banks a friend working for Macquarie in Perth has explained this to me. Also my broker involved in the insider trading case (who by the way is shorting as of this week) also explained you cant be a broker without being biased to shares going up. I was talking about RANGE of change in next 12 months not expected TOP>
Just my opinion.
