I was wandering John, how you would consider the following...

  1. 954 Posts.
    I was wandering John, how you would consider the following scenario?
    it seems most of us on this threads feel the market will drop and is overpriced.
    The problem is shorting the market is a slow burn and I am currently down $95 000 (on CFD - my longs AWE and Bear buy sell have covered some losses) since April 2013. prob ave $ 40 000 down.
    Getting despondent!
    Woolworths has cycled between 36 and 31 for years now, currently on the up and competition is fierce.
    CFD's provide 4% interest on sells Comsec (have to consider divvys) so if you were looking slow and waiting how about selling Woolworths ?upside small and if something happens the downside is good ie insurance?
    What do you guys think?
    Short HVN JBH FXJ and CSL
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.