Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Nathan who wrote (18951)	5/21/1998 10:28:00 PM
From: Lucretius	Read Replies (2) \| Respond to of 94695

as a contrarian this is actually bullish. However, sentiment seems to be turning negative which means we could remain w/ a high short interest for a while and it not be bullish IMO. It will, however, prevent a sudden wipeout because of the buying pressure. Looks like a slow decline is in order. Death to put holders and longs alike. We'll have to see. As for the drillers, yea I dumped mine a month or so ago. I see a mkt disaster coming on. I don't know when, but my guess is sooner rather than later. However, this record short interst doesn't exactly make me comfortable in my belief. The shorts have never gotten it right as far as I know. Anybody know what the short interest levels were before the Japanese crash of '89-'90? I'm waiting on the drillers. It may be a while. If the mkt crashes, the economy is going w/ it, and we won't eat thru that excess supply of oil for a while. Good luck! -Lucretius