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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (2101)	6/4/2003 4:27:59 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 4907

so is anybody still short this market? my shorts were about 8.5% of portfolio, but the strong rallies have made this 9.5%. not too frustrating because my longs are 66% of portfolio (counting miners) and they are way up, so my portfolio has benefited from the insanity. but i find any old thing i short is like the kiss of death! the more pathetic the stock, the better it seems to do. i still value the shorts because they will come in handy once the market starts heading down, but i would hate to have been net short these last few months. i am just curious how close shorts are to capitulation. this is typical in the semis--you could get some serious air by ski-jumping off the ramp on the right side of this chart bigcharts.marketwatch.com here's another example away from the semis bigcharts.marketwatch.com i can only think ramps like this after a months-long rally are fueled by serious short-covering. i admire people who stick their neck out and nuclear short this market, but charts like this are frightening.