Wednesday, March 19, 2008

Short Covering Rally?

Was today real buying or short covering? As shown below, today's best performing stocks in the S&P 500 were also the ones with the highest short interest as a percentage of float. On the other hand, stocks with the lowest short interest underperformed.

Short_interest_by_decile_2

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Lunch is for wimps

Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.