20s tomorrow, page-106

sum learnin
Don't Ignore The Shorts Shares in Cochlear ((COH)) have rallied no less than 25% since May, from some $56 all the way up to $70 and while we'd like to believe management and the board that it's all to do with better performance in the US and the launch of a new technologically advanced hearing aid, the real reason has probably more to do with the fact that short positions had built up to no less than 17.8% of Cochlear's outstanding capital. That is large bunch of shorts and from the moment panic sets in and they all start covering their positions... Which is, of course, exactly what has happened. Cochlear was the number one most shorted stock in the Australian share market ahead of its result, as everybody could have seen from our very own The Short Report, available 24/7 on the website and without a single doubt worth a visit now and then. Note that we publish a news story on shorts every Thursday, but the data are available 24/7 with daily updates on the website. As one would expect, retailers, mining services providers and smaller mining stocks, iron ore producers in particular; they all feature high on the list of most shorted stocks. I wouldn't be surprised if Cochlear doers not remain the sole "rocket" this month.source FNA