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Strategies & Market Trends : Trend Setters and Range Riders
MSFT 483.65-0.8%Dec 31 3:59 PM EST
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To: Susan G who wrote (13172)3/1/2002 2:30:13 AM
From: SirRealist  Read Replies (1) of 26752
 
>>And when this downtrend reverses, and it may be soon, the snapback will be one hell of a short squeeze because the nas is LOADED with shorts right here! You can feel it on any move up in the futures. And the heavily shorted stocks.<<

I've been noticing lately that the shorts have been refusing to capitulate. For example, on stocks like CANI, the covering ends well before the shorts have been exhausted. It suggests they're confident the mkt will give them a lower place to cover.

I have a feeling Tuesday will prove a good squeeze day, though...
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