Data Dimensions Message Board

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Technology Stocks : Data Dimensions

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To: TA Trader who wrote (695)	4/18/1997 10:47:00 AM
From: Pete Mason	of 4571

>> The only thing that scares me about this board is that everyone is so bearish! << I read somewhere that large short positions, at least with respect to the entire market, are sometimes considered bullish for two reasons: first, obviously, that they represent shares that will have to be bought at some point; and second, historically, the majority of shorts are usually wrong! It's true that the DDIM thread doesn't have many true believers compared with the ZITL one... it was hard to insert a short word in edgewise with the ZITL crowd, before a few days ago! On the other hand, I also heard that one fourth of all ZITL shares were short before this week's collapse, so overwhelming bearishness isn't always bad for shorts... It's amazing that the ZITL collapse hasn't seemed to faze any of the other wacky Y2K stocks, though. -- Pete

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