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Strategies & Market Trends : CAVALRY'S SHORT BUSTERS - MAGIC EIGHTBALLS PICKS

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To: Cavalry who wrote (1455)11/6/1998 6:33:00 PM
From: JEB  Read Replies (1) of 1637
 
Sorry for posting so late but I heard about it late and didn't have the time. I'll get it to you earlier next time.

Short position is huge. Why would so many shorts want to hold over the weekend? I thought we would see a rally at the end but only a small one.

Next week will be interesting but maybe more for the shorts since there seems to be still too much selling by the longs. There wouldn't have been as large of blocks going off at the ask if the longs weren't selling (Heavily).

BTW - I was told there was only a 5.9 MM float. Bull! Not with as many shares as was traded today. No way!

Good trading Cavalry,
JEB
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