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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: TraderAlan who wrote (13136)	6/7/2001 12:33:08 PM
From: catman	Read Replies (1) \| Respond to of 18137

Alan.... Regarding the rise in short interest. I had a discussion about it on the MS board. I always like to take a contrary look at things because that's one way I learn. I also don't subscribe to the theory that "smart money" is always right....sometimes its just big money. We both know that they can also be wrong....history has proved that more than once. I know that historically the rise in short interest is a precursor of what is to be, but the last year has shown that smart money can be wrong....after all, those who place the bets are human like us. One thought I had on the rise in short interest was that maybe based on the past year, they were just hedging their bets, since the market has turned around since early April and the hedging could be based on an increase in long positions.....I may be way off base but that's why I try to learn from those more experienced. Now if any of the techs start to even hint of a turnaround in earnings, then it will get interesting. I have also learned from reading about market history that not only can smart money be wrong, but they can be wrong in a big way (LTCM etc.) Just my opinions and ramblings on this somewhat boring trendless mid day......

To: TraderAlan who wrote (13136)	6/7/2001 1:04:09 PM
From: Dr. Stoxx	Read Replies (1) \| Respond to of 18137

Hi Alan! Just a quick word to let you know that I have purchased MST, and am so excited about this tomb that I have begun an open study of the book on the BTTT thread (waiting for others to get their orders in). See: Message 15909091 Brillian writing, by the way (those posters on Amazon who criticized your style, IMO, simply don't recognize your sound semantics and creative use of metaphor!). Forgive the sanctimonious tone on the thread. Just having a bit of fun with it... Excellent work. You have encouraged me to begin outlining my own trading book (a future project after other writing projects are finished). Thanks, TC