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Harley, perhaps Chris has reference to commodities. This is the
terminology used in commodity trading.
Al Taglavore
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> From: Harley Meyer <meyer@xxxxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: short coverers/buyers
> Date: Tuesday, September 08, 1998 9:26 AM
>
> Chris,
>
> I believe you mean short interest not OI. If short interest was available
for that
> short period of time then what you are suggesting would give a person
information
> about how much short covering took place.
>
> Harley
>
> Mullin285@xxxxxxx wrote:
>
> > Harley
> >
> > I'm sorry if I wasn't clear. I wasn't referring to options. By OI I
meant Open
> > Interest. What I was thinking [though I certainly could be wrong] was
that in
> > cases of short covering... The shorts would be closing their positions
> > therefore Open Interest would decline. While at the same time, perhaps
by
> > going long to cover their shorts it would increase volume. Therefore a
rise in
> > volume and a decline in OI could indicate a lot of shorts covering
their
> > positions. Make sense?
> >
> > Chris
> >
> > In a message dated 9/8/98 1:32:34 AM Eastern Daylight Time,
meyer@xxxxxxxxxxx
> > writes:
> >
> > > Chris,
> > > I don't do options as of yet so I don't pay attention to OI. So I
haven't
> > > noticed
> > > any patterns.
> > >
> > > Harley
> > >
> > > Mullin285@xxxxxxx wrote:
> > >
> > > > I assume that OI would decline and perhaps vol would rise?
> > > >
> > > > Chris
> > > >
> > > > In a message dated 9/7/98 10:19:36 PM Eastern Daylight Time,
> > meyer@xxxxxxxx
> > > net
> > > > writes:
> > > >
> > > > > Hope that makes sense. Now how do I know they are short sellers
> > covering
> > > > > their
> > > > > shorts. Experience? Might be wrong. But that what it looked
like to
> > me.
>
>
>
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