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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: ItsAllCyclical who wrote (26858)1/28/2003 11:32:04 AM
From: terry richardson  Respond to of 36161
 
ItsAllCyclical:

Re: " Terry, look at the short interest in Kinross over the last 12 months. It was has everything to do with the upcoming merger and very little to do with hedge funds. The numbers I showed were as of mid Jan. They're a little over a week old, but this divergence has been happening for over 1 month now."

Agree with you that its the merger on Kinross and that we are probably due for a pull back.

Should be an interesting week. Hope it's not too painful.

T.



To: ItsAllCyclical who wrote (26858)1/28/2003 9:08:40 PM
From: Fun-da-Mental#1  Read Replies (1) | Respond to of 36161
 
Just a thought about Kinross: Is it possible the growing short position is due to players going long ECO and short Kinross, in case the merger doesn't work out? If the merger fails, they win, and if it succeeds, they lose nothing. Sounds like a good bet to me.

Fun-da-Mental