Quote:
Originally Posted by Paq
i actually thougth that EXACT same thing, as did many in my little trading group. short sellers, the uptick rule, etc...all just excuses. sorry, but teh people i know who do the 'real' short selling..ie the "i'm shorting this company till it reaches fair value' do far far far more research on the company than the people who blindly buy the stock bc "well, it's been going up"
so taking that effect out of the market is freaking insane. Plus, the ban will end..and i know a ton of cash that is just frothing at the bit to get a chance...
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As I recall when I used to trade a lot one bullish indicator was to look for strong companies with lots of outstanding short sales. They are guaranteed buyers and when the stock goes up they will scramble to buy driving it higher.