Zeev's Turnips Patch-No Politics (ZEEV)

[limtex]

Last two days have been clear that the huge drop in share prices has been due to massive shorting.

Today and yesterday the shorts ran and with very little encouragement the market took off. My guess is that 75% or more of the drop is simply due to the shorts. Had INTC delivered today the shorts would have been out of business except possibly for the hedged ones and I don't know what %age they are of the total shorts.

The shorts may still be nervous as it won't take much of a market move for industrial confidence to return.

My guess after today is that the shorts have done massive damage to our economy and the sooner they are brought to book the better.

Best,

L