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To: fut_trade who wrote (3126)11/23/1997 2:19:00 AM
From: Bill Harmond  Read Replies (1) | Respond to of 27307
 
Peter, Shorts (even lots of them) can be right. Short interest indicates inevitable buying, but not at what level covering will occur. There are still longs on the other sides of those short sales, actually more than there would be if the stock hadn't been borrowed and shorted in the first place.