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

To: t2 who wrote (76221)	4/30/2001 12:44:19 PM
From: American Spirit	Respond to of 99985

Yes still surprisingly high short interest. Squeeze potential high. Higher lows on dips. Gradual recovery. A few laggarts like WCOM with heavy short interest may pop soon. The value is there to support it. Look at LOR's report today for instance. The spin on CNBC is certainly positive as well. How long will the shorts hold out with the fed rate cut coming in ten sessions? Could be a nice two weeks on the long-side with minor profit-taking along the way. I'm holding everything. Not even tempted to sell yet despite some great gains in smaller stocks especially.