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Strategies & Market Trends : Waiting for the big Kahuna
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To: Kip518 who wrote (25390)8/27/1998 10:07:00 PM
From: James F. Hopkins  Read Replies (2) of 94695
 
Kip; It was the so called big boys who bailed last Oct, they always
panic first. Keep in mind just about ever up tick in the last
two days was sold short. The volume today was not all "real" shares
changing hands, a lot of it was shorts closing positions, to
other shorts opening positions, the shorts closing positions are
the ones who took money out of the market. Just a guess but I
think at least 1/3rd of the trades today were from one short,
to another short, high volume always has a lot of borrowed
stocks changing hands.
Jim
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