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To: Don Westermeyer who wrote (1665)2/24/1998 1:19:00 PM
From: Oeconomicus  Read Replies (2) | Respond to of 164684
 
I don't usually trade on technicals, but I covered this morning.

Anybody still doubt that this stock is driven by short squeezes? I guess shares should be easy to borrow after today.

This whole market rally over the last two weeks looks like capitulation. Volume has been significantly lower the last two weeks than the five weeks before and money actually flowed out of equity mutual funds while the market was making new highs. Who is buying if not the little guy via mutual funds? Shorts and last month's graduates of "Daytrading School" (1-800-735-@*&% - seriously - they've been running classified ads) that's who. You know that fund buyers have been right more often than anyone during this bull market.

Bob