Replies to post #35374 on Zeev's Turnips Patch-No Politics (ZEEV)

[zhina]

I respectfully disagree, I think the shorts are the ones who balance the equation .. otherwise you would NOT see these rallies .. just on fundamentals 'cos they are So bad .the market would just go down the hole. There's no spending from corporations .. all are meeting estimates by cost cutting. C'est all.

[MONGO]

<<Last two days have been clear that the huge drop in share prices has been due to massive shorting. >> The masive shorting has probably prevented that huge drop in share prices from being HUGER!!

[cannabis]

Briefing.com..."17:07PM Nasdaq history of 5% gains : Those making the bearish case have pointed out that during the Nasdaq's bull run from 1,200 to 5,000, there were only three days that saw gains of 5% or more in the composite index, while during the long bear market from 5,000 to 1,200, there have been 25 rallies of better than 5%. However, we would note that these rallies have become less frequent: 14 were in 2000, 7 in 2001, and today was just the 4th case of a 5% gain in 2002. Make of it what you will..."

and who is responsible for those 25 rallies...shorts covering.

[Train Guy]

-- Had INTC delivered today the shorts would have been out of business except --

And INTC didn't deliver today because...... I know, the shorts bribed eveybody not to buy computers.

Or you think it might have something to do with the fact that people have no real need for 2Ghz CPU's and what they have now is just fine.

[XenaLives]

I know that there are those that defend shorting, but I think what we are seeing now is ABUSE of the practice. I really suspect that there is more naked and illegal shorting of stocks than the market would like to admit.

I also suspect that some of this abuse has been done in a conscious attempt to harm the economy, but most of it is pure greed.