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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (11701)	4/21/1999 2:12:00 PM
From: pater tenebrarum	Respond to of 99985

Don, the effect of fresh short positions depends on the point at which they are initiated. if too early, stop loss limits could contribute to driving the stocks even further up. also don't forget the uptick rule, which makes it more likely that new short positions will be coming in at the ask. unfortunately data on short positions are not very timely, which means that the short term picture requires some guesswork. my guess right now would be that a lot of shorts came in too early, on the 'dead cat bounce'-theory. btw, there is a huge short-covering rally going on in NSOL today, due to some of asensio's predictions turning out to have been way too pessimistic,now that an agreement with ICANN has been reached. regards, hb