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Technology Stocks : WDC/Sandisk Corporation
WDC 221.51-0.3%Jan 16 9:30 AM EST

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To: Robert Douglas who wrote (26211)6/25/2004 11:07:27 PM
From: Sam  Read Replies (1) of 60323
 
Shorts are no better than longs in doing their homework. Yes, there are some very capable short sellers, but the majority are just the follow the crowd momentum types that populate the long side as well.

I agree with you, Rob. I find the increase in short sales encouraging--sure sometimes it means that the company is a junk company or in a junk market, but other times it means exactly what increases in volume at the top means--people are getting cocky, are piling on the trend and trying to ride it. That can be a good thing to fade, if you can hit it somewhere close to the top (for shorts) or bottom (for longs).
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