Quote:
Originally Posted by TrustySam
Was just noticing the other day that Backstabr's shorts have all made the Top 10 list ...
I'm savoring this as 90+% of my portfolio is actually in boring index funds in Roth accounts where shorting isn't even an option, so this glory is the gain I get.
Quote:
Originally Posted by TrustySam
Anybody have any special system for selecting shorts?
It's really important to point out that many of my short choices have limited float and high short interest. So you may not be able to borrow shares to sell short and, if you can, the borrow will cost you. That said, RIOT at $40 was an exceptional short opportunity. I actually still think it's a good short opportunity at $15, but I haven't looked carefully.
As I found when buying weekly RIOT puts from $40 all the way down into the high teens, the difficulty of identifying overvalued companies <<< profitably trading on such companies.
IMO LFIN is a good short, but I don't know what the borrow costs are. KODK may be a good short, but I'd have to look carefully at how big a piece of the ICO of their coin they'll own. Tread carefully.
Absent more aggressive SEC action, I expect cryptocurrency pump-and-dumps to evolve--I don't think companies can repeat the amazing LTEA/LBCC-style pump. The bubble hasn't burst on cryptocurrency, so there will be opportunities on the short side for those that do their homework.