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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (73566)	5/18/2010 4:24:48 PM
From: Maurice Winn	1 Recommendation Read Replies (2) \| Respond to of 74559

Yes, a bit of a downwards flow. My shorts of JPM and WFC are looking good. This is the first time I have ever shorted something so it's an interesting approach. I was close to shorting the housing industry and banks at the peak but because of NZ's tax laws regarding capital gains and speculation, and I wasn't set up to do it, I thought better of it. By shorting a stock, one is ipso facto a speculator, not an investor in the sense of contributing capital to an enterprise for the purpose of producing profits from the sale of goods and services. Mqurice