Short Selling Stocks
I’ve started reading and I think I am leaning against short selling stocks. I think I’m going to look for ways to make money on stocks going up. Try to latch onto stocks on the up and grab profits where I can.
Honestly, I don’t betting stocks will go down is not comfortable for me. Maybe I’ll learn the benefits of it but I have been following C for a couple of months now and have done pretty well. Bob and I have been talking lately and it seems like the short sellers have it in for C. Citigroup has not been participating in rallies lately and their stock is stuck. I know it happens but it doesn’t make a whole lot of sense when other bank stocks are going up (the sector is up for the day) and C is stuck and often down. There are benefits to shorting stock, I’m sure. I cannot say I’m for sure about what they are so it’s hard to get excited about shorting when, one, your personality is not really suited for it, and two, you don’t fully understand it. It sounds to me like a recipe for losing money.
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