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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 668.73+1.5%Nov 24 4:00 PM EST
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To: Zeev Hed who wrote (73948)4/2/2001 11:12:14 PM
From: Herschel Rubin  Read Replies (1) of 99985
 
Zeev, I thought I had mentioned that shorts would be BUYING to cover to raise tax money:

Message 15601868

"3. When shorts cover to raise cash to pay tax liabilities, they BUY shares to cover their positions, so assuming many of these same shorts who prospered in Tax Year 2000 are still playing short positions in April 2001, the opposite effect should occur: Their buying to cover will provide support for the markets."
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