Replies to post #140106 on ajtj99's Market Pulse

[scouts]

Re "everyone's short" or too many shorts and such,
I guess the rationale is that until shortcovering episodes end, we won't get more sustained downside. Or maybe you mean that when the shorts are shaken out, the market will turn up. I dunno.

Numbers on per cent of shares short in various stocks (C, BAC, INTC, many others) suggest that the per cent of shares short is lower than it was a while back. Whether that's bullish or bearish may be a matter of other factors, including your orientation; I don't claim to speak to that.

I'm just a half-schooled lurker, and make no prediction about it, or any guess as to why it is the case--just pointing out that the numbers I've checked seem to bear out the commentary to the effect that short interest is generally low now, not high. There are exceptions, of course.

For(us) bottom feeders, a couple still very short are MTG and
GM--around 16% (at least I think that's a high number).

Corrective replies are welcome. I'm still learning, and just checking my understanding. Also the best link for numbers on updated aggregate short interest, and what to do with it, would be appreciated.

Thanks for the board.