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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (4169)	6/26/1998 7:39:00 PM
From: Nancy	Read Replies (1) \| Respond to of 34816

obvious the Mo Mo funds agree, and so far they are killing the shorts rather the other way round as in 1996 & 1997. The latest published short interests in net stocks are amazing. Many of them almost 70% in shorts hand. How long can the short last ? excerpt from thestreet.com fund watch What a Difference a Year Makes Last spring, Amerindo Technology was performing so poorly that the fund's top holdings became a pick list for short-sellers. But lately that would have been a painful strategy to employ. The $50 million tech fund, which tends to place large bets on small-caps, has turned around this year. With a 12% rise this week -- the best in the Lipper universe -- Amerindo Tech is now sporting a year-to-date gain of 26.9%. A big chunk of that return can be chalked up to top-holding Yahoo! (YHOO:Nasdaq), which rose 19% this week and is up 120% year to date. Yahoo makes up more than 10% of the portfolio. Portfolio manager Gary Tanaka expects the Internet stock to move higher early next week from window-dresser buying. He believes a small pullback in early July will be followed by the next leg of the stock's run-up.