Email of the day on shorting after taking profits
Comment of the Day

June 13 2022

Commentary by Eoin Treacy

Email of the day on shorting after taking profits

Thanks for the very good summary of the market situation after your well-deserved break.

I'm just puzzled by one thing.  You seem pretty convinced that the Nasdaq will continue to go down for at least a while.  Yet you say one should have a very small short on it.  Why only a very small short, why not a big one? Regards


Eoin Treacy's view

Thank you for this question which I believe related to the Friday audio. My concern arises from the reflection of investor sentiment I witnessed at The Chart Seminar. Investors still want to buy the dip. That strategy works well in a bull market. It can decimate a portfolio in a bear market which is what we have now. So how do you sit on your hands when the temptation to buy is so strong and has been such a positive experience for the last 14 years?

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