Saturday, December 29, 2007
Lowest Short Position
In the December 27 session on the TOCOM Goldman Sachs covered a huge 1,722 short contracts and went long 2 contracts to bring their net short to 6364 contracts. This is the lowest net short position they have held since January 2006.
To put this number in perspective, their biggest net short positon was about 52,000 back in the second quarter of 2006.
It looks like the boyz, the big time insiders, are getting out of Dodge.