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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (10163)	6/25/2001 11:53:48 PM
From: Challo Jeregy	Respond to of 52237

nope, I didn't post it- but that covering will be fun<g>

To: Chris who wrote (10163)	6/26/2001 1:49:19 AM
From: oldirtybastard	Respond to of 52237

<<< NYSE anounced that.... A record 5.58 billion shares are shorted on the NYSE.... >>> unconfirmed, but i view it as contrarian. fwiw... Message 15989351

To: Chris who wrote (10163)	6/26/2001 6:06:02 AM
From: donald sew	Read Replies (1) \| Respond to of 52237

Chris, >>>>> NYSE anounced that.... A record 5.58 billion shares are shorted on the NYSE.... unconfirmed, but i view it as contrarian. <<<<< Why is it contrarian? Have you done a statistical analysis on short interest to support that conclusion? I havent due lack of data. Since I have not done a statistical analysis, my first thought on a subjective basis would have been that high short interest was bearish. Firstly, I believe that very few individual investors short relative to the WHOLE market and the majority of the short volume is from institutions. So if you are correct that high short interest is bullish, that would imply also that the majority of the institutions are wrong. With all their manipulative skills, its hard for me that assume that they will be wrong more often than now. Just talking subjectively.