supershort

Short Covering Helps Boost Stocks

Although the major indicies are up over the long term, it is a fool's game to invest long term. For every Microsoft, if you bought in 86, there are hundreds of Enron's and other companies that went bust. Since last year, I have been a short seller and I have been up 24% last year. This year I am up 16%. I short every overvalued company, SPWR, BGG, ALGN, JCW, anyone that the P/E ratio is greater than the rest of theri peers. I may get upside down for a while, but they all come in.

As far as fixing the economy, How about fixing the government first. Less taxes and less interferrence in the markets. Anyone who calls for a government bailout is a socialist, or communist. That's not what free markets are all about. You numbnuts should read our constitution. The government presently is bankrupting us and will descimate us in the long term. You want America strong, bring back manufacturing here. Make laws about CEO's and others in stock option distributions that are equal for everyone. Build more nuclear power plants, and we will have enough oil for ourselves to power the autos. Yes, we have to have our peple doing the jobs that illegals are doing now. Yes, it will be a bitter pill, but it will make us stronger in the long run. Less government, less welfare, less handouts, no bailouts, just hard work which this country was founded on but now is about doing the easiest way out without work. There is no such thing as a free lunch nimblenuts, remember that.

This won't be over until a few banks, insurers, lenders, retailers, and other companies go out of buisness. That's when you go long, but only on low P/E stocks and a very selective few which I still can't see yet. It is much easier to short than go long.