you can only make real effectively risk-fre sustainable profits in BEAR market stocks via shorting the actual stock.....buying in the money PUTS....and writing out of the money calls.
Those who adopt bullish strategies must be perfect market timers in any BEAR market, and perfect market timing is nearly impossible to achieve. The safest best is the BEAR trading strategy I described above and given the unsustainable nature of the gains in BEAR markets you can adopt short strategies on a naked basis without one speck of fear that you need deliver the stock. In fact, smarter market vets and pros typically use maximum leverage, such as I do, in order to maximize bets against the dying BEAR sector. In my entire life, never seen more obvious BEAR markets than exist in golds, silvers, rare earths, and associated dying miners.