Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Wes Stevens who wrote (18592)	8/4/1999 10:25:00 PM
From: byhiselo	Read Replies (2) \| Respond to of 56535

Wes, those are crowded shorts and GRIN has a miniscule float. ETRADE is usually pretty good on short inventory but on crowded shorts its better to wait until you spot a reversal (weak shorts cover quickly freeing inventory while simultaneously removing the initial short-covering cushion. ) But virtually any internet short over the even the last week has paid handsomely . I'm far from being an expert but the current correction imo is due in no small part to longs not knowing when to sell or ignorant of short-selling (against their principles or whatever). Forced margin selling will continue tomorrow, perhaps a bounce late afternoon in anticipation of Friday's numbers. Will most likely cover my shorts tomorrow but plan on shorting again on any bounce over the next 2 weeks unless I see true capitulation which we really haven't had since last October. Cheers