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To: H James Morris who wrote (33130)	1/7/1999 2:39:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 164684

>>They say that the average American has their total wealth in stocks and there's more to come. Does that mean that credit card debt comes next?<< your social security money, perhaps???

To: H James Morris who wrote (33130)	1/8/1999 12:30:00 AM
From: Gary Korn	Read Replies (3) \| Respond to of 164684

Assume that Mr. X was short 100 shares at the time of the split and, of course, was short 300 shares after the split. With triple the number of short shares, daily increases of 15 or 20 points generates triple the daily account busting pressure on Mr. X. Suddenly, $2,000 daily losses have become $6,000 losses. Now imagine Mr. X multiplied by thousands upon thousands of shorters. As wave after wave of these people capitulate and cover their shorts, they buy triple the number of shares they would otherwise have bought pre-split. This of course pushes up the stock price still more. A nasty cycle. Gary Korn