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

To: LTK007 who wrote (68132)	5/16/2002 12:09:33 PM
From: vampire	Respond to of 99280

I happen to like Grant - I think he's an extremely smart guy - however - noone's been more off than him - he became the Granville of the the 90's again - I do like him - everything he says sounds good...but never comes to fruition

To: LTK007 who wrote (68132)	5/16/2002 12:12:04 PM
From: LTK007	Read Replies (1) \| Respond to of 99280

Metsin6 i see i got a message ignored from you on this post. You waste your time.(LOL!) i never read a word you say.Max

To: LTK007 who wrote (68132)	5/16/2002 12:16:07 PM
From: DebtBomb	Respond to of 99280

Thanks max, good post.

To: LTK007 who wrote (68132)	5/17/2002 1:22:37 AM
From: Jon Koplik	Read Replies (3) \| Respond to of 99280

I saw Jim Grant today too, and had a 100% different "take" on it than you did. He said "zillions" of shares are now sold short on the NYSE and NASDAQ by entities that are novices and non-experts in the field of short-selling. They have no conviction or special insight into their prediction that XYZ shares "should" fall in price. The obvious implication is : if and when we reach some "straw that breaks the short-sellers back" level of rise in stock prices, we have the potential to see an unprecedented rally in stocks, as HUGE numbers of un-committed, unknowledgeable "shorts" start doing short-covering purchases. Since I have heard : "the sharpest rallies of all are the short-covering rallies" ... And, since Jim Grant has already laid out that we have historic highs levels of short interest ... I would predict that if and when we start some monster rally, you should not focus on (as you stated) : "real buying has been minimal" but, recognize that ANY sort of buying will make the price of something go up ! Jon.