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Shorter still at it, page-17

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    It will be important to c the shorting positions being closed. Shorters are composed of you normal and sophisticated some of who will be associated to instos via other entitities. The ines who get burnt are the normal shorters whereas the spohisticated end will conveniently clise positions. At te end of the day they dont all lose. That is why it is useful to monitor changes. The shortes are always part of tge acculumator - they go hand in glove.
 
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