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Non-Tech : The New Iomega '2000' Discussion Group

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To: John Solder who wrote (2073)	8/2/1999 11:00:00 AM
From: Gottfried	Read Replies (1) of 5023

John and all, have you no compassion for the shorts? WSJ-online "Heard on the Street: Short Sellers Receive a Break But Struggle to Gain Benefits" excerpt... Despite occasional successes, rising stock prices overall mean it is still a tough slog for short sellers, who take umbrage at the prices investors are willing to pay now for stocks. "The U.S. economy has been in an unusual sweet spot for the last several years," hedge-fund manager (and frequent, though not exclusive, short seller) David Rocker wrote to partners of his hedge fund in its second-quarter report. Mr. Rocker's partnership had a loss of 1.9% in the second quarter but gained 29% in the first quarter (both returns are after fees). But Mr. Rocker reported signs that the positive "trends appear to be reversing," and "the persistence of this favorable climate must now be questioned." Hope springs eternal. subscribers interactive.wsj.com Gottfried

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