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Short Selling for the Long Term
How a Combination of Short and Long Positions Leads to Investing Success
Joseph Parnes (Author)
9781119527763, Wiley
Hardback, published 14 May 2020
256 pages
23.1 x 15 x 2 cm, 0.54 kg
Find a method to evaluate stocks— and build a record of impressive returns Short Selling for the Long Term describes the methods used by Joseph Parnes, President of Technomart, to obtain consistent returns in the stock market. Most investors fail to exceed the returns represented by the Standard and Poor’s Stock Index, but Parnes often does using his investment philosophy. This book outlines his method of stock assessment, providing an understandable formula. If the formula tells a reader to buy a stock, then, as explained, there is a significant chance that stock will go up. If the formula tells a reader to short a stock, then the book shows how there is a significant chance that the stock will go down. Parnes advocates the use of short selling as a long-term strategy in combination with long positions, so advisors and individual investors alike can profit in both rising and falling markets. While most investing books focus on how to make money over the long term in a rising markets, Parnes's focus on short selling as a way of capturing volatility sets this book apart from the crowd. He offers insights into the difference between option trading and shorting which make his system useful in both type of markets. • Profit in a bear market • Borrow the stock you want to bet against • Sell borrowed shares • Learn the secrets of long-term short selling strategy • Buy shares back and close by delivering at the new, lower price Short Selling for the Long Term is essential reading for investment advisors, fund managers, and individual investors.
Preface ix Chapter 1 Investment Philosophy 1 Chapter 2 The Bank of England Lecture 9 Chapter 3 Portfolio Management—General Principles 19 Chapter 4 Explanation of the Use of the 50-Day Moving Average and 200-Day Moving Average 31 Chapter 5 The Theory Behind the “Parnes Parameters”: Using Pattern Recognition, Retrospective Analysis, and Bayesian Analytics 43 Chapter 6 Variables to Consider for the Parnes Parameters 63 Chapter 7 Shorting for the Long Term 81 Chapter 8 A Case Study for a Stock I Shorted for the Long Term—Chipotle 107 Chapter 9 Case Studies for Integrating Shorts for the Long Term with Longs 121 Chapter 10 Modern Trader Charts 159 Glossary 215 Index 227
Subject Areas: Finance & accounting [KF]
