i've only shorted twice in my life, no longer than a day each time.
i'm averse to shorting stock even though it would've been the best strategy over the past year (i.e. pick any stock, practically, and short it)!
i'm all in cash now. my prediction is selling will beget more selling and we'll see a precipitous DROP very soon. valuations are still high under a recession scenario. and with a u.s. "super committee" achieving absolutely nothing we're bound to re-test the lows from 2 months ago and go LOWER. so cash for now.
in my opinion, shorting is a lot safer than buying stocks. most stocks are worthless. just the thought of possible unlimited losses scares people away. i am short apple since it was over $400 and I sleep like a baby. when the entire world is on one side of a trade, i have no choice but to take the other side. that is how i play.
@ 9.00/share or lower, KGC will be the #1 value stock in the gold sector (in my opinion, which is meaningless for most people). even if gold fell to $1000/ounce, KGC would be a bargain at $9.00 or lower.