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To: yard_man who wrote (43150)6/25/2002 9:34:19 PM
From: UnBelievable  Read Replies (1) | Respond to of 209892
 
Lately I Think It Has Been Oriented to The Hedge Funds

Which have significant short positions.

Its amazing what $35 Billion and a whole bunch of short covering will do.

The problem is that when the shorts get tired of getting burned and the market really tanks you don't have the shorts as buyers of last resort.