HSX Forums: Playing & Trading Strategy Board






In my case, the criteria were make H$3.5 billion and be invited to pitch in for the good of the community. Your mileage may vary. {nm}

Posted by: DTXbro (a.k.a SONYXFund) on Sep 14, 20:01 in response to alfpaulytd2012's post The criteria is make $100mill and sign up.....how does...

I have no track record of steady gains, however.  Sometimes I make a pile of money.  Then I take a few years off.  Then I come back.  Then I take another break.  So your second point has some merit.

ok I shorted funds. When i try to sell them i can't because I don't own any. Please explain in detail shorting funds....thank you {nm}   geek1 on Sep 13, 13:46

If you're shorting the fund, you think it will go down in price. To get your money back, you need to cover. Buy = short, sell = cover. {nm}   stevie1der328 on Sep 13, 13:50

thank you :-) {nm}   geek1 on Sep 13, 13:56

I guess you've realized that most funds are gainers, most of the time. Short a selected fund only in unusual situations. {nm}   edzep - Port Monkey! on Sep 13, 14:29

People who run funds already have a track record of steady gains. Shorting a fund is not a good idea. {nm}   elchan on Sep 13, 14:42

but sometimes their owners neglect them, like EURO, which hasn't made a trade since Aug 23 {nm}   lapuckfan on Sep 13, 15:00

EURO fund would probably not be a good one to short. Last cycle, he went to $100 in about 5 months. That's pretty good. {nm}   elchan on Sep 13, 15:37

Different fund manager now. {nm}   Antibody on Sep 13, 16:08

Hmm, interesting. {nm}   elchan on Sep 13, 16:27

Euro Fund has been active for 2.5 months this cycle and net change to date is -H$1.06. Not a good investment in either direction {nm}   lapuckfan on Sep 14, 11:49

The criteria is make $100mill and sign up.....how does that equal "track record of steady gains"? {nm}   alfpaulytd2012 on Sep 13, 15:03

In my case, the criteria were make H$3.5 billion and be invited to pitch in for the good of the community. Your mileage may vary. {nm}   DTXbro on Sep 14, 20:01

Oops, didn't really answer your question. If you shorted any security, and want to get out of the position, you need to "cover". {nm}   elchan on Sep 13, 15:35

Thank you.... that helps a lot :-) {nm}   geek1 on Sep 15, 20:58





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