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To: Les H who wrote (111543)	7/7/2001 12:56:27 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 436258

Thanx Les; I don't have the NDX trin but I did look at the Nasdaq total yesterday and today, it wasn't just the bad breadth..but there was so little Up volume.. well when up volume gets taht bad you know every up tick is being shorted. Volume wasn't very high but that wasn't the fault of the shorts, they were there & hunting hard for up ticks...for two days running.. If the buyers strike stays on who are they going to short to :-) I agree we could have a couple more down days, but them shorts are going to want some profit soon..so it starts; the geedy who come late wind up shorting to the early ones who are covering.. once the early ones cover they sit back and wait for a rally to short into again , the late ones get caught like fish in a barrel as the market makers just mark the stocks up to start hitting stops.. ------------------- There has been no real rally since April..every bit of it has been late shorts buying stocks back up to cover their arse. ---------- --------- What fund mangers don't want you to know, and what the SEC won't look at. I don't want to name the name..but there is a fund I know of that's Nav is UP 32% since April 4th.. however it's total assets are up only 28.9 mil.. but if you add up the money flow ( paid in / paid out ) it took in 38.6 mil ( more than it paid out)..to get that 28.9 mil gain. However The real reason it's Nav is Up is some short funds have lost so much, A small one I know of thats down 41% in the same time is only half the story..It has taken in 58.9 Million ---started off with 65 Mil in assets now has 67 Mil in assets...( the roll over of traders ) So it's really lost 56.9 Mil dollars ...still they go by the NAV.. and that only shows a 41% loss, no one talks about the roll over.. of traders and The SEC never looks..but it still lost 56.9 mil.. of what they took in and if they did books the honest way it would have to report a loss of 56.9 /of the 58.9 they took in or 96% Fund mangers can turn tricks that would make a hooker blush with envy.. These are small funds, just think about whats going on with the Big ones and most all of them do this crap. But what does the public expect..they have to do it.. after all there are more mutual funds, webs and ishares than stocks, There isnt any way they can ago up 10% without they take in 20% come hook or crook, except in cases when the shorts do almost all the real buying. That was how we got the blow off top in 2000 ..shorts bought it all he way up, but you know , no one belives me. However I'll tell you had it not been for the shorts buying it none of the funds took in anything like enough money to run it up that high..to do so means they would have had to take in all the extra money the shorts lost on the run up. When the shorts get tired and wore out they take a break and and let the market go up some then they go borrow and hustle a few suckers for some more money and start all over again. It's a gambling addiction that keeps the whole thing going. Jim