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Rating: 
Summary: Worth the money
Review: If you are a professional regarding short selling, I suppose this book will not cut it. For the person getiing their feet wet, this book is very informative, and gives a good basic for shorting. Easy to understand and well written. Points you in the right direction. It does not fool you into thinking there is no homework to be done before you short.
Rating: 
Summary: Errors...
Review: Proofreading is critical, especially in a text where people will be risking money in the market. There are some very basic errors even before the book gets to the more difficult stuff:
Page 36:
"2500 shares of ABC at $10 = $5000
50 shares of XYZ at $10 = 2500"
(Obviously these are both wrong.)
Page 47:
"You short 100 shares of Great Drop at $100 per share. The stock hits $110...the next day you get a confirmation from your brokerage firm. It says you covered the stock at $11 and sustained a $100 loss."
By my calculations, if you bought 100 at $100 ($10,000 total) and covered the same 100 at $11 you would have an $8,900 GAIN ($10,000 - $1,100 = $8,900).There are, however, many good ideas for targeting a potential short: insider trading, proxy information details, overvaluations, etc, as well as the risks involved: buy-in, short squeeze, no-borrow, IRS regulations, etc. If the text is reprinted and the errors fixed, it would be a good read...
Rating:
Summary: Errors...
Review: Proofreading is critical, especially in a text where people will be risking money in the market. There are some very basic errors even before the book gets to the more difficult stuff:
Page 36:
"2500 shares of ABC at $10 = $5000
50 shares of XYZ at $10 = 2500"
(Obviously these are both wrong.)
Page 47:
"You short 100 shares of Great Drop at $100 per share. The stock hits $110...the next day you get a confirmation from your brokerage firm. It says you covered the stock at $11 and sustained a $100 loss."
By my calculations, if you bought 100 at $100 ($10,000 total) and covered the same 100 at $11 you would have an $8,900 GAIN ($10,000 - $1,100 = $8,900). There are, however, many good ideas for targeting a potential short: insider trading, proxy information details, overvaluations, etc, as well as the risks involved: buy-in, short squeeze, no-borrow, IRS regulations, etc. If the text is reprinted and the errors fixed, it would be a good read...
Rating:
Summary: Worth the money
Review: With the problems in the markets -- which seem to just continue -- this book provides a way to make money. I always hear about short selling, such as on CNBC and the Wall Street Journal, but never hear any explanations. This book shows how to get started and how to deal with the pitfalls, such as the short squeeze. This is a very good book and highly recommended.
Rating: 
Summary: Excellent overview of the short selling process
Review: With the problems in the markets -- which seem to just continue -- this book provides a way to make money. I always hear about short selling, such as on CNBC and the Wall Street Journal, but never hear any explanations. This book shows how to get started and how to deal with the pitfalls, such as the short squeeze. This is a very good book and highly recommended.
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