Ok, agreed, HBI has some fundamental weaknesses. I wouldn't want to own it, but it is a single digit PE stock based on 2024 estimates as are all 256 stocks on the list. I own about 25+ stocks on the list and am not selling any of them, although a few are covered by "in the money" calls and may get called from me at Jan and Feb expirations.
As I've posted many times before, I am not a market timer and sitting in large cash positions is market timing and a formula for market underperformance. I strive to outperform the market, not underperform it. So I have no intention of suddenly impulsively selling a lot of my stocks just because we might soon get a market correction. In fact I would welcome a healthy market correction to shift my holdings into any bargains that show up. I say "bring it on".
As far as shorting is concerned, I often hedge with covered calls when the premiums are decent and occasionally with very small short positions, but that's about it. I'm always very net long and relatively light on cash.
