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To: Dave who wrote (26225)6/28/2004 9:29:06 AM
From: Robert Douglas  Read Replies (1) | Respond to of 60323
 
It is premature to say that that 2004 paper is correct. I would wait a year or two, another academic will challenge their thesis.

Over the years I've seen many supposed "inefficiencies" in the market uncovered. I don't know one of them that has stood the test of time. Your mechanical approach to short interest will not either, I'll hazard a guess.