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To: Jon Koplik who wrote (131287)10/5/2003 5:35:42 AM
From: Maurice Winn  Respond to of 152472
 
Jon, if most people are betting on a down market, then presumably that means it'll go up [more shorters than buyers].

Mqurice



To: Jon Koplik who wrote (131287)10/5/2003 11:39:13 AM
From: Jon Koplik  Read Replies (1) | Respond to of 152472
 
So, Alan Abelson (of Barrons) is either stupid or a liar.

(And ... No, I am not worried about a libel suit brought against me by Dow Jones & Company, since there is no possible way that my statement is not a correct conclusion).

Alan Abelson is stupid if :

He delved into this NASD data regarding debits (borrowing) and credits (cash and cash balances derived from shorting),

and was incapable of realizing that one needs to consider both debits and credits to determine a "net" amount.

Alan Abelson is a liar if :

He knew exactly what the real situation was, but chose to only present half of the relevant data.

Either way (stupid or liar), I am left with the same puzzling question :

Why does anyone read (or care about) anything Alan Abelson writes ?

Jon.