I don't know you, so I can't comment on you directly, but if I were doing what you say you're doing, I would call myself "Dumb Speculator" rather than "Smart Investor."
"Investor" implies medium- to long-term holdings of equities. Medium- to long-term investors would never sell during any dip, correction, or crash. So you can't be an "investor."
"Smart" in this context implies making investment decisions that help you, not hurt you. So presumably you should be doing the one thing that can help you in stock investing, which is buy low, sell high. You have already stated that you're about to buy high and sell low. Now you're going to sell low (i.e., short during a possible correction) and later probably sell high (after the inevitable rebound -- there's no good reason for a severe correction right now). So by "dumping [your] long" you're losing money, and by going short you're going to lose more. Thus, it's inaccurate to refer to yourself as "Smart."
If you haven't yet done what you've said you're going to do, you should just sit tight and sell SEEK at $110 in two years. That would be a smart investment decision.
P.S. Why did you buy on Friday if only a couple of week ago ago you wrote "It will go down to $10 in no time. This is completely insane. It has never made any money, and will not make any more in the future. It is in a business anybody and his brothers can start overnight."??? <https://www.siliconinvestor.com/readmsg.aspx?msgid=4221675>
One would be crazy to buy more now. Anytime when the market is having a correction, high PE stocks will go down more and faster. Considering that the Fed may increase interests and NSCP may dump SEEK, it absolutely does not make any sense to buy. As a matter of fact, I will dump my long and go short to recover my loss. |
