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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: t2 who wrote (36141)4/21/2001 9:36:32 PM
From: t2  Respond to of 65232
 
To support my feelings on Short Fund redemptions. Take a look at the returns on some of these short funds for this week.
Look under the losers in the list below.

That is why I believe we can have a big run on the short funds. Some lost 26% this week and another big drop this week and I bet redemptions are picking up steam among these whereas the long term investor still has a tendency to ride out the storm. The ones in this list may just be representative of the larger short funds. In addition, they may also represent the aggressive retail shorts as well---the exact opposite of the aggressive longs of March 2000.

Just look at the Year to date performance of this week's losers with the large funds. Not much difference anymore.

Nasdaq 3000 is not expected soon but I bet it happens faster than people believe.

thestreet.com