albert, Re: BULLISH SHORT INTEREST RATIO report.
I am glad your keen insight allows you too to see how
the recent change in CNC short interest is bullish:
8-22-00: New CNC Short Interest Ratio,
from the Wall St. Jour.
interactive.wsj.com
interactive.wsj.com;
Company 8/15/2000 7/14/2000 % Chg Avg DailyVolume
CONSECO, INC. 65,769,663 63,975,097 2.8 4,610,868
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I am looking at various interpretations:
Other interpretations from the shorts are welcome.
I realize that shorts are fatigued and distraught at
this time so they may not be able to think this
though coherently but...life is unfair...........
OK here we go:
Short Interest Ratio ( SIR )
was
ITEM A : " UP ONLY ~ 2.75 mill shares ".
That can mean that:
a) no more shares are available to borrow and short it more
and drive price down= BULLISH.
OR
b) News is NOT BAD ENOUGH to short it more= BULLISH
OR
c)" HORRIBLE 10-Q " ( posted ad nauseam ) was NOT
sufficiently scary!== VERY BULLISH!!
ITEM B: " SIR is still high; 3 rd largest I believe "
can mean
d)Shorts have been unable to cover below 7 and 6 and are
still under water= VERY BULLISH: They'll have to cover
at higher prices.
OR
e)They feel secure enough that CNC is going down that they
are willing to wait.
So we have only 1 out of 5 possible hypotheses to support
the shorts.Ergo shorts loose.
That's the more simple conclusion.
A more sophisticated conclusion is
my " feel " for this :
After ALL the Negative CNC
-NEWS
-10-Q
-Internet Message Boards Posting
-Articles by *StreetCom,
*Indiana papers
-Negative Analyst reports
-Downgrades by Rating Agencies
you name it
I would have expected
-CNC to be in the tank
-SIR to be double the present
Hasn't happened.
Why?
Stay tuned.
Think Bullish,
cheers
TA @
Editor,
CNC News and Reviews
8/22/00 Message 14252200
=======================================
you said
Message #2556 from albert kovalyov at Aug 22, 2000 9:27 PM
Kevin
re: what change in the short interest figure would you not be able to interpret as "very bullish"?
as seems strange I have to agree with Tunica that it is bullish. What is even stranger is that either it goes up, down, sideways it still going to be bullish. The bullish sign is the size of the short interest and the moves maybe viewed as indicators of what stage of development we are in at the moment
Regards
-Albert
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