Winning Short Seller Zeros In On CenturyLink [Forbes]
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Source: Forbes
Winning Short Seller Zeros In On CenturyLink Lloyd Dawson, a retired farmer from LaVista, Nebraska, beat a strong field to win my 16 th Short selling is a technique for profiting from a stock’s decline. It is difficult since the market rises more often than it falls. It is also dangerous because losses on a short sale are potentially unlimited; on a normal investment you can’t lose more than you put in. In my latest contest, eight of the nine contestants successfully picked a stock that declined. That 89% success rate was the best in the 16-year history of the contest. The previous best showing was 88% in the 2000-2001 contest–a period when the market fell substantially. This time the market was up. In September a year ago, Dawson picked Windstream Holdings Windstream stock fell 95%, to about 26 cents on September 13 (the day the contest ended) from $5.22 on October 2, 2018 (the day it began). In February of this year, Windstream, which is based in Little Rock, Arkansas, filed for Cha
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