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.

Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (72180)	10/27/1999 4:31:00 PM
From: pater tenebrarum	Respond to of 86076

LG, yes, short covering certainly played a role...as someone has posted earlier short interest is at a record high. so once the ramp started the shorts began to cover. however, i have noticed that many times when the market turned from slightly negative to very strong late in the day ahead of important economic data the data turned out to be miraculously benign...as far as i remember there were only two occasions this year when this didn't pan out. then again, the third negative surprise would be o.k. with me...<gg>. based on anecdotal evidence (UAW, steel, airline wage negotiations) ECI should be strong. we'll see... regards, hb