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Letters To S&C
ARTICLE SYNOPSIS ...Letters To S&C
Copyrighting
Editor,
I'm teaching biology at college level. I'm also a private investor and one of your subscribers. I'm planning
to offer the general public a mini-course on technical analysis of the stock market. I would appreciate
your permission to quote some of the articles in S&C. Could you also let me know the regulations
concerning such a use?
GEORGES CHAUVETTE
Laval, Quebec, Canada
Write to Copyright office, Library of Congress, Washington, DC 20559 and ask for circular R21,
""Reproduction of copyrighted works by educators and librarians.""
--Ed....
BY: Technical Analysis, Inc.
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Short Interest by Arthur A. Merrill
ARTICLE SYNOPSIS ...Short Interest
by Arthur A. Merrill
Short interest ? the sale of borrowed stock ? is one of the most useful tools of the technician. Short
sales are made by pessimists, who expect prices to fall. If prices fall, the short seller can buy shares at a
lower price and return the borrowed stock.
Because short sales are made by pessimists, it would seem that a high short interest, displaying a large
number of bearish investors, would be a bearish indicator. No way! A high short interest means that past
sales have been made, future purchases must be made. High short interest, therefore, represents ...
BY: Arthur A. Merrill, C.M.T.