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To: Perspective who wrote (114498)	7/25/2001 10:42:16 PM
From: Wyätt Gwyön	Respond to of 436258

That's like saying Pets.com shouldn't have fallen because of the large short interest not at all. i posted an article about record broad short interest in the naz. people shorted pets.com as a bankruptcy prospect. that's not why people short the naz in aggregate. anybody that shorts and ignores short interest is at risk. just ask the people strung up shorting krispy kreme or amzn in 1998. it is momentum investing just like on the way up. it is subject to the same pressures of being oversold and undersold. in any case, the point i made was in response to a post about how nobody's pessimistic. a state of maximum non-pessimism does not occur when short interest hits a record. Short sellers, like corporate insiders and commercials, are one of the few groups that are usually right in their market moves like all the shorts that went long after greens**n lowered rates in january? i see no reason to think shorts are better at market timing than longs, and over the last 18 years, they have been a lot more wrong in the aggregate.