RE: Trendz I believe the increase in short position was a defensive measure in order to thwart further SP price increases rather than based on increased negative fundemental indicators. These hedge funds have taken a position that is potentially very painful to walk away from. In for a nickle, in for a dime should be their motto! Problem is they cannot continue to borrow more and more shares, if continued upside buying interest continues they will be forced to break ranks and cover - the race will be on. Expect incredible amounts of negative press in the face of what I expect will be positive financials and guidance tommorrow....then BOOM throughout next week. The good news is that positive results will have time for level heads, and honest media to digest and diffuse over the weekend in order to counter the hedges negative spin.