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Politics : Ask Michael Burke
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To: Steve Lee who wrote (77066)3/6/2000 6:37:00 PM
From: Michael Bakunin  Read Replies (1) of 132070
 
Steve -- a short squeeze is independent of 'net covering'. It is a positive feedback loop that creates a class of buyers that will pay any price. In the recent, momentum-driven market, it is easy to suppose RMBS's rally may have involved such a process. -mb
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