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Technology Stocks : Maxtor (MXTR) -- Ignore unavailable to you. Want to Upgrade?

To: CPAMarty who wrote (285)	5/26/1999 11:27:00 PM
From: BRAVEHEART	Respond to of 467

Hi Eagle Eye, An increase in shorting behavior the few months before the cyclical down period in this sector is just smart money. Those same shorts will cover over the next few months and be long for the ride up in Aug-Oct... Here is an example of price behavior over this period. They are just scalping 40% over a three month period. Not bad actually. Heck then convert that into the 100% to 200% uptrend and so on and so on. bigcharts.com I would be concerned if the end of June & July short figures increased. That would suggest a problem. However a less than 5% short position on this stock just goes to show you there is about 5% of the MXTR population making money both ways. I plan on integrating this strategy into my own approach next cycle... : ) Jeffrey