The Apple's shorts are aware of the coming flood of buying orders
before 1/15/98, but the most impact on price when shorts squeeze
occurs is institutional shorts, who may play double edges of sword,
buying back while continuously selling. With which they probably could
reduce heavy loss and retreat the positions elegantly. For individual
shorts, please don't play such tech at home since you don't have their
sophisticated software to monitor the stock trend at any instant
moment.
Speaking of Q2's outcomes, I think it looks much better than original
consensus thoughts. They estimated around -$0.02 per share, against
Q1's -$0.07 per share. Now, Apple has $0.35+ per share in Q1,
shouldn't we be confidant about next quarter's net income to be around
$0.40 per share? Besides, all cloners are gone except Umax, the
amount of Mac products they sell will naturally be reflected on and
flown into Apple's revenue even given it as the slowest quarter for
Apple historically.
Phil |
