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Shortsellers in the bull market // Professional shorts have done surprisingly well. They don't need to see the averages go down -- all they need are fortitude and a few bad stocks.

Title: Shortsellers in the bull market // Professional shorts have done surprisingly well. They don't need to see the averages go down -- all they need are fortitude and a few bad stocks.
Date: Monday, 31 August 1987
Publisher: Fortune Magazine
Authors: Brett Duval Fromson, Karen Nickel
Main source: money.cnn.com

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(FORTUNE Magazine) — YOU MIGHT THINK that the great American bull market of the past five years must have been tough on shortsellers. A shortseller, after all, makes money on a stock only when it goes down — and stocks have gone up by 230% on the Dow since the bull market began on August 13, 1982. But in fact, the professionals whose principal business is selling short have done quite well. Interviews with shortsellers, their brokers, and knowing observers indicate ... [Read the rest at money.cnn.com]