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To: Cynic 2005 who wrote (63757)	9/23/1999 11:14:00 AM
From: re3	Read Replies (1) \| Respond to of 86076

<<<<A lot of people, including yours truly, who have called the fundamentals of certain companies correctly to the downside have given-up on shorting them (like KO, G) At the same time, they subscribed to above thinking and shorted the nets. The net result is a well engineered upward crash for the nets lately - just when the real companies with poor fundamentals have been faltering. They don't have much support from the shorts! excellent comment, Mohan. but, how to know which stocks to poot and which to avoid ? you figure its best to look at short positions vs fundamentals ? ike

To: Cynic 2005 who wrote (63757)	9/23/1999 11:15:00 AM
From: pater tenebrarum	Read Replies (4) \| Respond to of 86076

Mohan, you're quite right that there's a huge gap at this time between bearish commentary and bearishness as evidenced by the sentiment polls and actual bearish commitment...i've seen a lot of betting in OEX calls on an imminent bounce-back lately and there's very little put buying and hedging going on. in other words, in spite of the bearish talk, there's not much betting on a nasty downturn. Joe Kernan meanwhile wants to "take down the names of all those bearish analysts, because they can't all be right...the chance is zero." he says. LOL! we'll see...

To: Cynic 2005 who wrote (63757)	9/23/1999 11:26:00 AM
From: Zog	Respond to of 86076

Excellent comments - I think you are correct. The inuts have been in a bear market since April, yet suddenly they start going crazy. It seems the inuts are getting both short squeezes and also the mo-mo crowd. I have been staring in amazement with these guys going up 10-20% on no news, while the overall market has been getting worse and worse. However, as you point out, there as the shorts start to leave(contrary to what most bulls believe), this will be very bad once everyone tries to get out in a hurry as no one will be buying! Michael