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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (12626)	5/12/1999 5:18:00 PM
From: The Osprey	Respond to of 62348

Anybody who shorts I-net stocks has big balls IMHO.They arte so volatile.Anybody want to see a good short look at HITT two days ago and look at it to-day.When resistance to a short shows up which is actiually support to a long shorts usually look to cover just above the suppport for the stock.If it jumps out of the gate some get caught.Like going long it is safer being in at the start of a run and the opposite is true for going short.If you are in at the start it usually is OK but if you are daytrading a short on an 1/8th this is where the squeeze is dangerous.Like newbie longs going into a stock near the top,newbie shorts usually go in near the bottom.

To: Canuck Dave who wrote (12626)	5/12/1999 5:18:00 PM
From: keith massey	Read Replies (2) \| Respond to of 62348

Short squeezes are mostly urban legend Dave...I would beg to differ you on this one. I see short squeezes ever day. They are not as much as a squeese but an avalanche of stop buys being hit. Like Ospery so elegantly stated, shorts will put in stop buys at key levels to lock in profit. As soon as one key resistance level is broken it often triggers a flood of stop buys which knocks the stock to the next level and so on and so on. Buying just makes the shorters cover fast. If you are watching the ticker when it happens you can see the market orders getting triggered. Best Regards KEITH