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To: Lane3 who wrote (2355)9/15/2001 4:25:39 PM
From: briskit  Read Replies (1) | Respond to of 51710
 
Not at all. Sellers cause price to go down if there is no buyer. Short sellers might be considered buyers twice. They are first borrowers at the market price, but it is considered a buy. They just expect it to go down, so they can buy later for less. Absence of buyers drives prices lower, it seems to me. When buyers are present short sellers take positions (borrow shares) at higher prices, as we saw all during the Nasdaq climb to 5000. Shorts took it in the shorts all the way up, if I may say it that way. When prices decline the short sellers buy to cover their short position, and actually prop up the price at those buy levels. So they slow the price drop, or even cause price to go up. You have heard of a short covering rally. The first shorts to cover get the lowest price, then buying pressure from more shorts drives the price up. BWDIK