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

To: dvdw© who wrote (80948)	6/18/2002 7:18:42 PM
From: mishedlo	Read Replies (3) \| Respond to of 99280

Taiwan Semi had some good numbers and an announcement recently as did ESST today, guiding still higher, yet more than 50% of the float is sold short. That in itself says there is a disconnect between knowing whats happening and what isnt. I beg to differ. I have seen the same thing time and time again. Best example is Flash memory componay SSTI. Kept saying everything was fine, guided higher and higher. Stock kept sinking. SSTI was 50% short at the time. Eventually SSTI warned and stock crashed. Same story in CIEN. When a stock is 50% short, I believe the shorts. You can believe the CEOs if you want, but I do not recommend it. The "disconnect" is not where you think it is IMO! M

To: dvdw© who wrote (80948)	6/18/2002 7:20:22 PM
From: orkrious	Respond to of 99280

yet more than 50% of the float is sold short. ...That in itself says there is a disconnect between knowing whats happening and what isnt. if you are implying that the shorts don't know what they are doing you are sorely mistaken. there may be some shorts who don't do their homework, just like longs. but the vast majority of shorts in a stock that is 50% shorted do their homework. that doesn't mean there won't be a squeeze, but something is wrong with the business model or company if half the float is short. [edit] I see mish said the same thing