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Strategies & Market Trends : Sharck Soup
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To: gladman who wrote (33497)8/24/2001 4:22:10 PM
From: HandsOn  Read Replies (2) of 37746
 
Saw many large blocks this afternoon above the ask, indicating big shorts and hedge funds were covering ASAP with market orders. There are many retail traders who are shorting for awhile now, when brokers see big boys covering they will try and have retail shorts who don't have direct access buy as high as possible at the time.
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