In his diatribe against Ben Stein, Doug Kass asserts that the 'dedicated' short community (do they go to picnics and Church) control only 5 billion dollars. If thats true , then the shorts are non event. Do you believe it?
depends on how you define dedicated shorts. Traders can get short through futures and options, because of this, it is very difficult to know who is really short and who isn't!
There is increasing evidence that 130/30 funds are becoming more common and therefore high short interest doesnt necessarily mean increased negative sentiment.
What does 130/30 mean? Does it mean that they use derivatives to get a delta of +130 and offset it with delta of -30?