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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad -- Ignore unavailable to you. Want to Upgrade?

To: Cush who wrote (2462)5/18/2001 11:45:02 AM
From: Shack  Respond to of 5144
 
Yup, shorts have made the rally more violent than it would have been. I expect that there are quite a few more shorts who think the Nasdaq is heading south again. If when the index pushed above 2250 (and you know I think it will), the shorts will push it much higher in 'short' order I think.

That CLS position has been enormous for nearly a year.



To: Cush who wrote (2462)5/18/2001 11:48:17 AM
From: Shaw  Read Replies (2) | Respond to of 5144
 
Hi Cush,

Not to stick my nose in Shack's question, but mutual funds have been pretty crappy on the inflows. Cash still seems to be King with retail investors so I would surmise some big money short covering had more than a little to play in the tech rally.

Some of the stocks (ie TSX) that havent bounced I would bet have had little short covering in the last few months.

JMO.


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