No, I don't only short stocks. I do try to play the predominant trend in the market and/or stock. MILT is absolutely not a stock that I would short. It is in a clear uptrend. I am currently short NTAP, QCOM, BRCM, BRCD, WEBM and JBHT. I think you would find that, even after the recent market strength, that I have done just fine shorting these (and other stocks).
I am long DIS, CSCO (but I sell covered calls against it), DMED and GFI. My initial position in GFI was at 4.51, a true three bagger in less than 9 months.
There are a lot of people who only play the long side. Zeev and Larry Dudash have been playing long in the downtrend and I don't doubt that they have made money. And if you are also making money playing the long side in this market, all that I can say is "more power to ya!". |
