[quote=gzz]I have less than 0 US equities, my shorts are more than longs.
Between SD properties and B grade muni bonds, I am already plenty exposed to a continued economic expansion.
Trying to time the market has worked out pretty well for me. Only on average is it bad advice.
I have read the full annual reports of Snap and Uber. Those are business models that are not even growing much anymore but still losing giant buckets of money. I wish I had timed my short sales better, but I am patient. I had to wait about 18 months before my subprime lending stock shorts fell.
I lost patience shorting RRC and PLAY about 12-18 months ago, missed out on some nice gains by covering too soon. I also missed a bullet, I was short DATA a few years ago, they just jumped on an acquisition.[/quote]
That’s gutsy. I don’t have the stomach to short stocks. That said, I did “short” some chips stocks at the open today by selling July 26 puts. Our local wireless powerhouse is one of them. I’ll see how it’ll work out in about 4 weeks.