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Strategies & Market Trends : Shorting stocks: Mechanical aspects
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To: Q. who wrote (41)11/10/1997 8:44:00 PM
From: Ted Jackson  Read Replies (1) of 172
 
I would tend to agree. Remember IMPX? I was long on the stock and managed to get out right within 3/8 of the top. I was still inexperienced at the time (mostly luck that I got 8 points out of it). Anyway, it was also my first call purchase within 1.5 of the top.

Needless to say, I lost my ass as it tumbled from 21 or so all the way down. There was a great deal of short interest at the time. I guess the interesting thing is that it was still a good short at 4 because now it's around 1.5 I think.

Thanks for the reply, however my question still remains...is short interest a good technical indicator, and if so, in what way should it be interpreted? If it isn't, then what's the use of knowing it except for curiosity's sake?
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