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Re: celtic post# 708

Saturday, 03/28/2015 2:51:19 AM

Saturday, March 28, 2015 2:51:19 AM

Post# of 1228
Actually I already bought puts....

Shorting is too risky, even for me. You pick the high on a bubble and next thing you know some guy on CNBC mentions the stock and it gets a last gasp spike before tanking, but that spike squeezes you out. With puts you can afford to be patient, and if the bubble expands a bit more before popping its no big deal.

If you want to taste the fruit, you have to go out on a limb. But if you wait for the herd to move out on the limb....the branch tends to snap.

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