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To: Wyätt Gwyön who wrote (114470)7/25/2001 3:36:56 PM
From: yard_man  Read Replies (2) | Respond to of 436258
 
>>a monster tank would come when short interest is light IMHO. <<

That's a myth -- it's the absence of buyers that kills the market, not a lack of shorts.



To: Wyätt Gwyön who wrote (114470)7/25/2001 8:23:05 PM
From: Perspective  Read Replies (1) | Respond to of 436258
 
Short sellers, like corporate insiders and commercials, are one of the few groups that are usually right in their market moves. That's like saying Pets.com shouldn't have fallen because of the large short interest. As someone else pointed out, stocks fall due to lack of buyers, and motivated sellers. Once the balance of power has tipped into the hands of the bears, it's hard to make motivated buyers out of them.

BC



To: Wyätt Gwyön who wrote (114470)7/25/2001 10:14:35 PM
From: mishedlo  Read Replies (1) | Respond to of 436258
 
It is NOT short interest that matters.
It is puts vs calls.
The options pits are going to make money and if enough people keep buying calls then we keep going lower.

Plus I think a lot of shorts have been very very cautious lately. MSFT BS spooked a lot of them out as well.

Finally, how many of those shorts are boxed where the holder really has no position.

Very hard to make much of anything out of short figures other than it is going down eventually cause the bears are better informed in general.

M