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Ever since Dutch trader Isaac Le Maire invented short selling in1609 (and evoked the first ban on it), short selling has been seenas the dark side of stock tradingslightly suspect and toointricate for individual investors. Today, short selling is anintegral part of all markets and new tools can make it as simple asbuying stocks.
As Michael Shulman explains in this book, a short seller is aprofit-seeking contrarian who sees opportunities others do not as astock or market segment moves down. In Sell Short, Shulman turnsthe mystery of short selling inside out, revealing how using thesame fundamental approach underlying the purchase of a stock canlead to tremendous opportunities on the short side.
Shulman does not believe traditional short selling is a goodtrading approach for individuals and this simple, but comprehensiveoverview of short selling focuses on buying puts or, in somesituations, exchange-traded funds (ETFs). Throughout these pages,Shulman reveals the day-to-day details needed to generate shortside profits. He describes how short selling works and howindividual investors can best identify compelling opportunitiesbefore Wall Street finds them. Shulman also helps you to determinewhat part of your portfolio will fund short selling, whatpercentage of your capital should go to the short side, and how bigeach position should be.
Filled with in-depth insights and straightforward advice, SellShort walks you through the mechanics of opening, managing, andclosing a position, including rolling or pressing a position toincrease profits. (Shulman does cover traditional shorting, though,in case you'd like to take that route.)
Step by step, this book prepares you to:
Prospect for gold in fading stocks
See opportunities that Wall Street misses
Create, manage, and exit a position
Short stocks, markets, and indices as well as specificsub-segments of the market, real estate (through REITs),commodities, and even countries
Create the "rocket-fueled trade"the higher-risk purchaseof calls on double inverse ETFs
Explore advanced trading techniques such as selling calls,hedging, bear call spreads, selling puts on short ETFs, andmore
There is no better guide for individual investors to the shortside of the market than Michael Shulman. He is the man who shortedBear Stearns seven days before its historic meltdown and predictedin September 2008 that WaMu and Wachovia would follow Lehman downthe tubes. His newsletter, ChangeWave Shorts, has been a leadingsource for individual short sellers.
In this volatile market, opportunities abound if you have thewill and the know-how to reach for them. Are you ready to come overto the short side?
I got to Chapter 3 and could not believe what I read about Puts. Chapter 3 "The case of for Puts" has the definition of puts, completely wrong. Read morePublished 18 months ago by Henry
Detailed and complex book on selling short, gives pros and cons. Great for amateur and skilled investors alike. Easy to read and very well organized.Published 19 months ago by Nanette Ng
I like the book -- I wrote it - and I just noticed a review that found a glaring editorial mistake in the book. Read morePublished on February 7, 2010 by M. J Shulman
The author correctly stated: "this is not a trading system". For disclosure my comments are based on about a 45 minute study of a friend's copy. Read morePublished on July 3, 2009 by Let's go deep!