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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Dan Duchardt who wrote (15561)	12/13/2002 1:04:25 AM
From: Joseph Silent	Read Replies (1) \| Respond to of 19219

Dan, it looks like while you were typing I was addressing the same thing. :) I don't see, however, how one would get 100% under the (reasonable?) assumption that each share can be loaned out for shorting at most once. I confess I have no clue how they compute the short % for reporting, but it is more than likely something not quite sophisticated.

To: Dan Duchardt who wrote (15561)	12/13/2002 2:02:26 AM
From: Joseph Silent	Read Replies (1) \| Respond to of 19219

Dan -- final note.... I read your message again. I apologize -- I'm a bit tired and only on the second reading did I see that part about the short % being computed with respect to either the float or the shares outstanding (and not the "synthetic" longs made from shares sold short). Indeed, you must be correct. I fully agree. That is why Mish and others see short %-ages above 50 and even above 100. Very bizarre, but true, it seems.