There still are no perfect setups for me to take out there as new short positions. I am not a fan of going short nice setups that are breaking support on decent volume with the 50/200 day moving average not right on the price of the stock. If you can handle a little more risk, then I do have an early short for Platinum subscribers. However, this market needs more backing and filling before going short is going to be the absolute safest play. Going short is not as easy as doing the opposite of going long. It is an entirely different art and is much riskier. Remember, your upside on any long is unlimited while your downside gains for any short can only be 99.9%. There is no short that makes a gain of over 100% while a long could make you a gain of 90,000% like CSCO did from 1990-2000. So please don’t get too smart for your own good and think it is just that simple. We have been blessed in that my early shorts have worked out for PLAT subscribers and that the one short I have personally taken has worked out but still it is just too dang random/volatile and risky out there to think that a bear market is a “given” right here. We are currently in day three of a rally attempt and even if we do have a FTD and then fail we could still have our behinds handed to us in a short-covering rally. Be careful out there and please learn to sit on your hands so you don’t slowly kill yourself off. When the time is right, shorts will light up on these pages.
new short positions: none
none
