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Politics : Formerly About Advanced Micro Devices
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To: Petz who wrote (47367)1/26/1999 2:16:00 AM
From: Elmer  Read Replies (3) of 1571987
 
Re: "Elmer, I disagree with your analysis that Steve didn't know what a short squeeze was. You apparently didn't read carefully. First, he said, I think there is a short squeeze going on right now.
The tense here (present) implies that the squeeze just started.

Then he said, Everyone but the neighbour's dog has been shorting this thing. "has been" implies that the shorting occured in the past, i.e., before "is." Everyone knows that a large short interest is required for a short squeeze. If he thought a short squeeze was due to contemporaneous shorting, he would have said, "everyone and their neighbor's dog IS shorting this thing.""

Ah contrar. He made his claim while AMD was headed south. He clearly stated that the market was overreacting to bad news. You know what a short squeeze is, I know what a short squeeze is, and everybody here except Steve knows what it is. It is NOT a short squeeze when the stock is tanking. Those were the conditions that existed when he made that statement. That's why I and 2 others corrected him. You know better John.

Why can't Steve just admit he misspoke and we can move on? It's not the end of the world to make a mistake. We've all misspoke from time to time. You and Myself included.

EP
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