>>I am a polite guy, so I won't comment on your statement about investment experience, except to say that I believe that you do not have enough experience unless you have lost virtually all your money at some point>>
I know this is getting way off topic.
I would rather learn from other peoples mistakes, then make the same ones. So no, I don't believe you need to have lost all your money to have experience. I might as well go make sure I "loose" all my money so I can have that experience, sure.
I've seen many overpriced stocks go 2x from where I started a short, even 3x, allocate properly, average up from there. If you are not prepared for a stock to 2x or 3x on you when you are shorting, you are over-allocated in the short. When I short I am always prepared that this could potentially 2x or 3x, and start my position based on that.
>> For example, I recommended SEMI on this thread more than once in 1999 as a traditional value play at $3. It is now $22. Why should I bother to try to find some company that may go from $22 to 3.>>
I'm not saying I only short, I would say I am 75% long, 25% short, just depends.
I agree that shorting isn't part of a value investing strategy, so this is completely off topic. But done right, money can be made shorting, even "non professionals".
chbartel |
