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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (52455)	5/28/2000 10:33:00 PM
From: John Madarasz	Respond to of 99985

Short Selling Rises in Tech Sector Reuters; Times Staff Amid the tech stock sector's recent dive, more investors have been trying to profit from declining, rather than rising, stock prices. Nasdaq said Wednesday that "short interest"--shares borrowed (usually from a brokerage) and sold in a bet the price will decline--rose to 2.71 billion shares as of mid-May, up from 2.57 billion in mid-April. Those figures cover only stocks on the Nasdaq National Market, which is where major tech issues trade. By contrast, short interest on the Nasdaq SmallCap Market fell to 71.4 million shares as of mid-May from 80.3 million in viwes.com