Short Selling - How To Make Money Investing In Bad Stocks(3)

O'Neil was a young stockbroker


In the early sixties O'Neil was a young stockbroker for a major New York Stock Exchange member firm.

Based on his research he decided to close out all of his stock positions in the market by the spring of 1962.

Then he started selling short.

By the end of the year he had made a sizable profit while almost everyone else was getting crushed in one of the worst bear markets of that era.

A year later he bought a seat on the NYSE and started his own firm.



By Thomas Sutton