Sometimes I see a share in some company outside ASX200 and I wish I could short it because it was obvious that it was headed south.
Would you happen to know a good broker that will allow me to short them?
Also I'm guessing it will have to be a MM CFD broker, and from what I have read they will inevitably try to screw people over somehow, so any caveats would be appreciated too.
Reasons for why I might want to go short vary, but include:
- No hopers
- Obviously being pumped... dump to follow
- Dilutive capital raisings,
- Or very imbalanced market depth.
Obviously there's risks - e.g. if someone were to try to pump the stock a few hundred percent more, but on paper it seems to be consistent enough a viable trading strategy.