Fleabagger is now short some stuff
I usually don't short because A) it's a mathematically worse risk/reward profile than being long (stocks can go up 200% over time, but they can't go down 200%) and B) I expect inflation to put a double hurt on shorts over the next couple of years. However, the economy sucks, and the market just feels like it's gotten ahead of itself. Especially the crap stocks that have tripled or quadrupled or worse. So, in addition to the shares I've bought and the puts I've written on some of my favorite long candidates, I've sold some shares short of some crap stocks, and wrote some naked calls(!) on TNA.
Before you dwell too long on the fact that I used "naked" and "TNA" in the same sentence, let me just point out that this is really risky. These worst of the worst stocks that I'm shorting have been the highest fliers recently, and if that continues, I'll lose a lot of the gains on my long positions. That's why I'm tip-toeing into my shorts at this point. I'm also following high-ranked CAPS players. Not blindly following, mind you, but it never hurts to have a proven winner on your side.
Just so you know.