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Strategies & Market Trends : Steve's Channelling Thread
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To: Boplicity who wrote (15139)4/29/2001 2:45:55 AM
From: Pink Minion  Read Replies (3) of 30051
 
Most talk you hear of shorts is bullcrap. When CNBC says we're rallying because short are covering is idiotic. Shorts cover on weakness, they add on strength. Only on a breakout would shorts be covering. And like Zeev said, the percentage of shares traded is so small there's no way it could affect the overall market.
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