To: Roger A. Babb who wrote (1521 ) 1/26/1998 8:57:00 AM From: James F. Hopkins Respond to of 18691
HI Roger; From the looks of the Market you could just about throw darts and pick shorts. Just like last year bulls could have picked longs the same way, well up to about Sept. anyway. The 23% is no big thing I've seen lots of issues get much more than that and still fall. Heck cyrx went to over 80% short before she bounced. The ones I want to keep my eye on are stocks that have had a lot of short interest, and poped up and took the shorts for a ride in the past, untill they gave up. --------------- Like I've found when short interest "drops" off dramaticly, and you connect a spike in price with that drop, then the baby will fall. The best shorts have had 20% or more drops in short interest connected to a price spike. -------------- I went to sea and didn't get to keep up my data base but have megs of files that prove the change in short interset is the stongest factor effecting them. You can overlay a short interest chart with a price chart and it becomes very clear. -------------- Now this only applies to highly shorted stocks, and then ones with really good changes in the amount of shorts. The draw back was that the data was not up to date, and by the tinme you could get it most issues had made the move, but there were some still hanging and when I found them I had a winner..every single time, nothing beat it, but it was a lot of work and not for people who can't download and bring the data into program and sort it all. I just used Naz stocks, as I never found were to get all the NYSE stocks, found some of them on bigcharts but not as compleat as the NAZ. troble with the NAZ is they often post late, JAN 15th should be posted and its not. I don't see problem yet with CFON but I do see better canidates. Jim