BOTTOM LINE: The Portfolio is higher into the final hour on gains in my Telecom longs, Computer longs and Medical longs. I added to my Google(GOOG) long and to an existing short today, thus leaving the Portfolio 100% net long. The tone of the market is positive as the advance/decline line is higher, sector performance is mostly positive and volume is heavy. I continue to believe that Google is egregiously undervalued at current levels relative to the broad market and its Internet peers. I am shocked that I am able to buy the shares again at current levels after GOOG's recent report. I still expect GOOG to exceed $600 this year on multiple expansion and better-than-expected earnings. The stock remains my largest long position. Yesterday after the close, Bloomberg reported that Nasdaq short interest surged 1.7% to 8,010,000,000 shares, from mid-March through mid-April, hitting another all-time high. Moreover, like the NYSE, the last two months has seen Nasdaq short interest soar 13.8%, the largest two-month percentage increase since at least 1991. Here are the 20 Nasdaq stocks with the largest percentage increase in their short interest relative to their float from mid-March through mid-April:
1) USNA +32.9%
2) HCBK +25.5%
3) HINT +23.4%
4) HLYS +19.1%
5) HERO +18.7%
6) ASTI +18.0%
7) DVSA +15.9%
8) DHOM +14.2%
9) CLWT +13.7%
10) CONN +9.4%
11) BLDR +9.0%
12) NRMX +8.4%
14) PONR +8.0%
15) CBRL +7.5%
16) DAKT +6.8%
17) PRAA +6.5%
18) LHCG +6.5%
19) NUVO +6.4%
20) TECUA +6.2%
Here are the 20 S&P 500 stocks with the largest percentage increase in their short interest relative to their float from mid-March through mid-April:
1) WEN +13.0%
2) KBH +6.9%
3) HAL +5.4%
4) MOT +4.3%
5) BEN +4.0%
6) CTX +3.5%
7) JNY +3.1%
8) DHI +2.8%
9) CIEN +2.8%
10) X +2.7%
11) ED +2.5%
12) RSH +2.5%
13) MCO +2.4%
14) CHK +2.4%
15) STZ +2.4%
16) CC +2.2%
17) HRB +2.1%
18) AVB +2.0%
19) MTG +1.7%
20) MAS +1.7%
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