Dear Trader,
It's no secret markets go up and they go down. If you weren't trading many of the stocks on the short side in '07 you missed out on some stellar trades.
Here's where Goldman Sachs (NYSE:GS) made a ton of money.
"Goldman, which reaped a third-quarter profit by taking a ``short'' position on mortgages" This according to Bloomberg.
One thing that help Goldman was the removal of the "uptick rule".
Shorting stocks is a valuable tool you need to put in your arsenal of trading for '08. We expect to see a great deal more "Shorting" opportunities in the new year.
Adam Hewison
