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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: mishedlo who wrote (269215)12/2/2003 10:58:31 AM
From: ild  Read Replies (1) of 436258
 
<<<Commercial short position is meaningless IMO.>>>
Look at the same picture from the other angle. Specs are very long. At some point they will want to take profits and stops will be run. The fact that short specs have covered at a loss is also bearish. Of course the specs are the ones who drive the market, but as of now risk/reward is not favorable IMO.
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