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

To: Monty Lenard who wrote (24852)	8/21/1998 9:34:00 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 94695

Hi Monty; Well there is another force beside the Plung Protection team, and they are desperate to send the market down, if they fail then the money they lose, winds up in the Bull camp. ------------------------ Every one seems to think it's only the Bulls that run the market up, but a lot of the money that winds up buying stocks at ridicules values are the shorts themselves. Over the last two years checking short interest on stocks, I found that mostly no one pays more for stocks than the shorts, almost every peak on the tulip stocks has been shorts covering. They pay through the nose right at the top and then turn around and cry about people who would pay so much for stocks. Percentage wise shorts have put more money in and took less out than the bulls. Strategically they are at a disadvantage but don't want to recognize it. Now I'm not talking of the S/MMs..who often hold short positions like this morning on the Gap down you got to know the specialist and market makers saw it coming, and got short before any one else, even the brokerage houses will take up short positions before they handle clients short sell orders. So clients or out siders that short in a down market are always holding the short end of the stick, the S/MMs see order flow, both long and short, they can start covering ( buying ) from shorts wanting to short, much of today's late kick up was S/MMs not wanting to be short over the weekend, and closing out their positions to the more speculative shorters. ----------------- You got to know investors don't trade like this or create the volatility, most people don't run to the market with every wind that blows, this is short term speculators working some plan they consider better than the other side. In the longer run the S/MMs win most of these battles. Jim