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To: diana g who wrote (39747)3/12/1999 10:31:00 AM
From: RealMuLan  Respond to of 95453
 
<<what if this 2 million bpd news came out while you were short?>>

Haven't you heard sell on the news<g>? This is exactly what I have seen this morning, and I think it will accelarate in the afternoon. Also pay attention to volume, it is already lower. It may pick up next week but not today.

As for GLBL, because most volume comes from day traders, so I expect they close their position by this afternoon. I might be wrong. Also about short, average short holding period is less than 24 hours. And those hold shorts longer are hedged (means they got long position).

Good luck.