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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who wrote (128622)10/10/2001 9:19:41 PM
From: Giordano Bruno  Read Replies (1) of 436258
 
Doomed -g-

On the Big Board, the number of short positions not covered as of Sept. 10 rose 1.3% from the previous month to a record 5.98 billion shares. It was the seventh consecutive monthly high for NYSE short interest...

Among Nasdaq stocks, short interest as of Sept. 10 reached 4.17 billion shares -- up 2.6% from a month earlier to a fourth-straight record high.

Almost all the empirical evidence finds that short interest is a negative indicator," says Mr. Butler of Louisiana State University, who co-authored a study of short-selling behavior between 1995 and 1999.

interactive.wsj.com
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