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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (14996)	3/14/1998 8:57:00 AM
From: James F. Hopkins	Read Replies (3) \| Respond to of 94695

Well I checked it and she could drop some, but she don't have much downside for the risk. And the more resent shorts came in selling borrowed shares to the ones who were covering..and there was a rise in short as she fell. You like charts, chart short interest and the stock..you will see something that will likely surprise you. Shorts as a general rule are not very smart, the vast majority of them get sqeezed and roughly 80% of the stocks that have high short interest go up.. untill the shorts give up it's after the short interest falls that most of the stocks fall. That's not always ture as you can find exceptions, were the shorts do manage to get it right on a few stocks, and WDC is one were they get it maybe a third right. And 2/3rds wrong bigcharts.com The short interest is at the bottom. change the symbol to APM and look at her, 43% of the shares are short, and just how do you suppose they will cover that many with out driving her up. The best one I hit last year was CRYX they beat her down to about 11-1/2 and had over 60% of her shorted..when she poped she went to 25 almost overnight. Jim Jim