Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: IceShark who wrote (16948)	1/25/1999 12:28:00 PM
From: Cynic 2005	Respond to of 86076

For that matter, which bear is not wrong so far? As a matter of fact, bears threw-in towel en-masse in Dec-Jan! For the record:--------------- Short Interest Fell 7.5% On Big Board in Month By GREG IP Staff Reporter of THE WALL STREET JOURNAL NEW YORK -- Short interest on the New York Stock Exchange fell in the latest month. It also declined on the American Stock Exchange. 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. See a complete listing of short-interest statistics. 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 6.0 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 as such, 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 through Jan. 15. The next Big Board short-interest report will be published Feb. 22.

To: IceShark who wrote (16948)	1/25/1999 12:33:00 PM
From: Cynic 2005	Respond to of 86076

Boy, I wish I haven't stopped by the sickso thread. Some Sickso lovers are insisting that I add no substance to the case against sicso 'cause I have not given my full name. -g- Last time I took such beating was in Aug-Spet of 97 on the APM thread when the stock was at 37. Now it is at 6. Though sickso is no APM, you get the drift! -g-

To: IceShark who wrote (16948)	1/25/1999 8:42:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 86076

<<I love it that the current spin is starting that yuan deval may actually be a good thing.>> It is crazy - this guy Fleck thinks just like us. We will not attain nirvana until one of us (us as a group or he as a pro!) jumps the fence. -g- <<Capitalizing on crises... I'd like to comment on a point that has been made recently by Ed Hyman, one of Wall Street's favorite economists and someone I've followed for a long time. With all due respect to Ed, I feel that his idea borders on the absurd, even though it's been true. In his morning fax, he says, "As financial crises have historically been favorable for U.S. stocks and bonds, the problems in Brazil and China are also likely to be favorable for U.S. stocks and bonds." So my question is, what wouldn't be favorable? Obviously, a strong economy's favorable, disasters are favorable, so I suppose the most bullish thing that could possibly happen for stocks and bonds would be a 1929-to-1932-style economic and stock market debacle. I mean, at some point crises cease to be bullish, but I think that is part of the mood today. >>