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Microcap & Penny Stocks : ECNC: BETTING, INC. A WAGER ON NEW GAMING TECHNOLOGY
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To: Jorjenzak who wrote (2163)5/19/1999 11:14:00 PM
From: j g cordes  Read Replies (1) of 2909
 
Learn More about Shorting, how and especially why it occurs

from Herb Greenberg's column

"Shorts serve as a check on excessive promotion,"
says Mike Long of Rockbridge Partners, who
tracks their performance. It was a rough business
throughout much of the bull market, when
momentum investors bought some stocks merely
because they were going up, but that kind of
behavior created opportunities for the short-sellers.
"These companies have one characteristic in
common," says money manager Doug Kass of
Kass Partners, who has taught a course on
short-selling at Yale University. "At the height of
their short interest, the momentum itself is created
by the strength of the bull, which carried these
stocks to ludicrous levels."

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