Telewest will recover

guys dont worry about mr short the words fingers and burnt come to mind,found this on usa thread

"The Nasdaq ($COMPQ) reported today that short interest on Nasdaq securities reached a new record. Some of this is due to year-end tax selling as traders try to profit from shares being sold for tax reasons. However, this also means that there is a possibility of a short covering rally. When traders are short a stock, they lose money as the shares rise. Therefore, if positive economic or earnings news produces a major rally, these short-sellers will need to buy back shares of the stock to cover them and prevent further losses. This can create sharp, high volume rallies as droves of traders bid to purchase back stocks. From November 14 to December 14, short interest rose 0.7 percent to 4.21 billion shares.

This record amount of short selling is something to watch over the next month. If earnings visibility improves and the economy shows signs of improvement, a market rally could be accelerated by short-sellers covering their positions."