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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: ajtj99 who wrote (1295)10/23/2001 7:48:58 PM
From: orkrious  Read Replies (1) of 99280
 
In the FWIW dept, semi equip short interest down significantly from Aug to Sept.

AMAT is down to 3.3%.

The short interest numbers are as of Sept 10, and I am sure many shorts used the week after WTC to cover.

This is good news for bulls in that the smart money thinks the bottom is close. On the other hand, there is no built floor of "buyers" (shorts that have to cover), so the stocks can drop quickly.

Jay
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