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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: sjemmeri who wrote (15302)8/22/2002 10:33:38 PM
From: Bob Rudd  Respond to of 78702
 
Steve: Rather than 'Squeeze the shorts,' methinks the theme is 'Dog day afternoon,' where recent 'mongrels' find new homes with value investors and/or speculators that wish to sell to them. In Palm's case there are 7.24mm shares sold short...today's volume was 166mm shares with this months volume averaging over 40mm shares. The shorts may have gotten nervous and covered, but they weren't squeezed and there weren't enough of them to drive this rally.