Thanks Randy. I wonder if anyone has seen the number already, if they
could post it. This from the New York Times.
>Short interest on Nasdaq, which measures shares borrowed and sold but
not yet repurchased, rose 6.5 percent, to 1.392 billion shares, in the
most recent month from 1.307 billion shares in the previous month,
the market reported.
The heaviest short-selling was in the shares of Worldcom Inc.,
Staples Inc., Tele-Communications Inc., Boston Chicken Inc.,
Apple Computer Inc. and Cisco Systems Inc.
The largest increases in short positions were in 3Com Corp.,
LM Ericsson, Worldcom and Republic Industries, respectively.>>
High Short interest is supposed to be a bullish signal as the stocks
will have to rise when the shorts buy back their shares. This could
help turn around the whole tech market. |
