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No. of Recommendations: 3
Ins,

This may be naive, but it looks like a one sided battle.

It seems the shorts play a better game...

The longs, largely institutional, remain publicly quiet. No defense; no reiteration of buy recommendations, no refuting the allegations.


The shorts are winning the PR battle, but they're loosing the war.

There's an interesting article from TheStreet.com about hedge fund performance: http://www.thestreet.com/markets/willswarts/10132144.html. Credit Suisse First Boston maintains the Tremont Hedge Fund Index. The article is about the performance of the hedge funds. The article includes these two gems:

"The average short-bias hedge fund continued to lose money regardless of how investors embraced the market rally -- the average fund in that category lost 1.89% for the month and 29.8% for the year to date.

"The index dropped three funds from its ranks, including the Clinton Arbitrage Portfolio, which closed in October. Irvine Capital Partners and Haidar Jupiter -- Short Equity Class -- both stopped reporting returns and were removed from the index."

These guys are down 30% while the NASDAQ is up 40%+. These funds will close and liquidate.

Jim
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