Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (26019)	1/31/2002 6:22:46 PM
From: t2	Read Replies (1) \| Respond to of 99280

Not enough longs to short against in inventory and/or too many shorts crowding the trade. I posted a few days ago a word of caution on the Sox using this crude but telling indicator. So now either more shorts have covered or more folks have gone long the SMHs as of today. Yesterday, and in prior days, I could not get any shares. At the close today I can get at least 5,000 shares to short. Justa, The smh is just trust units; you would have been able to short the individual stocks. I would note that Merrill Lynch could easily put more of these in circulation if demand is there....but course that would mean they have to buy the stocks within the holdrs--causing the individual stocks to go up. Either way, you arrive at the same conclusion; that the semis were going up. I agree with you even given this possibility. jmho. btw--- it would be interesting to see if Merrill regularly puts more smh's into circulation and how much.