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

To: James F. Hopkins who wrote (24858)8/21/1998 10:04:00 PM
From: Monty Lenard  Read Replies (3) | Respond to of 94695
 
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.

Hi Jim, it this is the case (and I don't doubt what you are saying), then Monday if the market does as I think it will these very same people will be shorting the rally AGAIN.

Monty



To: James F. Hopkins who wrote (24858)8/22/1998 1:38:00 PM
From: Joseph G.  Read Replies (2) | Respond to of 94695
 
Jim, you live in Dreamland if you think "shorts" run the market. Total short interest is just over 1% of the market cap, and overwhelming majority of it is in hedged and arbitrage positions - who are not net short by any means. Market goes down not because of mysterious "evil shorts" shorting, but because of longs selling.


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