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To: Bill Harmond who wrote (36404)1/24/1999 8:25:00 PM
From: Gary Walker  Respond to of 164684
 
Bear capitulation??

When's the last time short interest fell this much?

Short Interest Fell 7.5%
On Big Board in Month
By a WALL STREET JOURNAL Staff Reporter

NEW YORK -- Short interest on the New York Stock Exchange fell in the latest month. It also declined on the American Stock Exchange.

See a complete listing of short-interest statistics.

Short interest on the Big Board decreased 7.5% to 3,654,364,834 shares on Jan. 15 from 3,951,255,005 shares in mid-December.

On the Amex, the figure fell 8.3% to 161,208,958 shares on Jan. 15 from a revised 175,727,949 shares in mid-December.

The level of negative sentiment measured by the Big Board's short-interest ratio -- sometimes considered a contrarian indicator, as short-interest shares eventually must be purchased -- fell to 4.9 from 6.00 in the previous trading period. The short-interest ratio is the number of trading days at the exchange's average daily trading volume required to convert the total short-interest position.

Investors who sell securities "short" borrow stock and sell it, betting that the stock's price will decline and that they will be able to buy the shares back later at a lower price for repayment to the lender. Short interest is the number of shares that haven't been purchased for return to lenders, and is often viewed as an indicator of the degree of negative sentiment among investors in the stocks.

Investors may also rely on short selling for other purposes, including as a hedging strategy related to corporate mergers and acquisitions, to hedge convertible securities and options, or for tax-related purposes.

Average daily Big Board volume was 739,445,840 shares up from 658,603,381 shares in the previous month. Short positions were calculated for the month including the 21 trading days.



To: Bill Harmond who wrote (36404)1/24/1999 11:03:00 PM
From: Sonny Blue  Respond to of 164684
 
usnews.com



To: Bill Harmond who wrote (36404)1/25/1999 1:34:00 AM
From: H James Morris  Read Replies (2) | Respond to of 164684
 
>>I sold my Internet stocks and everything else over the past two years<<
I told you your full of tribe. Revisit your last 12 months, and you come over as a buyer and profit taker. Go get your money manager and get off. Please!
Ps
In more discreet terms. Please fuck off!



To: Bill Harmond who wrote (36404)1/25/1999 1:00:00 PM
From: fedhead  Read Replies (2) | Respond to of 164684
 
The banks are up today . The nets are up today. Maybe this was
just profit taking. On Friday YHOO was up on more than average volume
and it did successfully retest 250. I would be really concerned if
YHOO broke 250 on large volume. Plus from a sheer contrarian
perspective every one is bearish on the nets and that usually signals
the start of a new bull move. Just looking for a point to
reenter YHOO. Currently the only net stock I own is AOL.

Anindo