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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: straight life who wrote (5430)	8/25/1999 4:49:00 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 54805

>> How can they short such gorillas so strongly? 1. They haven't read the manual. 2. They don't understand fundamentals, just stochastics. 3. These are the same people who are buying y2k shelters. It's encouraging to see those short positions; as they get squeezed they will add additional momentum to our Gorillas. For a two position player (msft and Q) this was one helluva day <vbg>. FraMQ

To: straight life who wrote (5430)	8/26/1999 1:38:00 PM
From: StockHawk	Respond to of 54805

>how can they short such gorillas< While the number of short shares on some these stocks seems huge, when you compare the short level to the average daily volume a different picture emerges. For stocks like INTC, CSCO and MSFT the short position represent less than two days volume. If we looked at a stock that bears were really targeting, like ZONA, we would see a short interest exceeding 10 days volume or more. That said, even great stocks like QCOM often correct after getting extended on a run, so nimble traders can make money on the downside even while bulls are raking it in on the upside. StockHawk