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Shorting penny stocks?
Posted: December 5th, 2012, 4:19 pm
by zacb
Doesn't this seem like a good idea? Find an overhyped stock, then short it. Any thoughts?
Posted: December 10th, 2012, 2:03 pm
by mguy
will not work
Posted: March 18th, 2013, 2:56 pm
by gibraltar
It works well but you must get educated first.
Timothy Sykes does this for a living. He shorts penny stocks and reports every trade on his blog.
http://www.timothysykes.com
Posted: March 18th, 2013, 3:07 pm
by zacb
I was just throwing that out there. I had heard of the guy before, kind of interesting.
Posted: March 18th, 2013, 6:07 pm
by Cornfed
Traditionally, unhedged short positions have been an efficient mechanism for sending the investor rocketing to the poor house, since they are time limited and have higher fees associated and markets rise most of the time so you have to be right more often. If you were going to short stocks I would short the stocks of companies that are hiring a higher percentage of women in executive positions.