*Shankapotamus'' Playpen*

[Chart Addict]

The ultimate short.

I always take on long positions - even if that means buying into an inverse-long ETF. That is to say, even if I'm betting the market will go down, the value of my leveraged ETF will go up.

I'll admit it; I have a long bias. It strikes me as counter-intuitive to go short on a stock. That involves "borrowing" shares from your broker, holding on to them until you think they've hit bottom, and cashing in the difference when you close out the position.

Though I understand the concept, it still feels weird to me.

In an effort to counter this feeling, I've been reading Tim Knight's blog. (In a deck of cards, Knight is the King of Shorts).

I have enough margin in one of my accounts to take on a major short position. Never done it before, but I'll probably do it today. This one is just too good to pass up. I'm betting that I can ride this one down into the single digits:

http://stockcharts.com/freecharts/gallery.html?nflx

Hey - Tim Knight (no affiliation - honestly) has a brand new book out!

http://slopeofhope.com/chart-your-way-to-profits.html