Lesson from Friday's crash: Sell but don't short - The Econo

Lesson from Friday's crash: Sell but don't short - The Economic Times


Lesson from Friday’s crash: Sell but don't short
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Last Updated: Mar 02, 2021, 12:05 PM IST
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Shorting this market is treacherous at the best of time, and certainly not where it is now, says Ajay Srivastava
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Hold PSU stocks for dividends, hold for privatisation but sell if you think that it is going to be a repeat of what the last five-six years have been all about, says
Was last Friday a reality check or is Monday an indication of what lies ahead?
I would say both. There will be volatility in the market at this level and investors need to learn to live with it. Monday’s lesson was that when you sell off, you do not short this market. That is the bottom line. You may sell and book profit which is fine with me. Money in the bank is worth a lot but shorting this market is treacherous at the best of time, and certainly not where it is now. Things will keep changing but the paradigm is do not short the market at this point of time and that has been true for the last five years. Shorts have not made money and it is a dangerous game to play.

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