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Technology Stocks : Applied Magnetics Corp
APM 1.310-8.4%Nov 21 9:30 AM EST

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To: Jonathan Bird who wrote (11323)1/25/1998 1:20:00 AM
From: James F. Hopkins  Read Replies (1) of 12298
 
Jon; Wow, I been to bigcharts before but never found that chart that
showed short interest, that's neat and thanx. If I was short I'd
want to be in that bunch that went in early. I saw some on the
Naz..cyrx go to 80% short before she bounced..but did she bounce
the bears were licking their chops when about half of them
got killed. She doubled and I had bought some cheap calls. :-)
Took a little longer than I had thought it would though.
That real light volume on Friday indicates the sellers are
getting thin, with 46% short I'm tempted , does she have options,
the more she goes short now..is mostly some fool who is shorting
to one that is taking profit. What happens if 20% of them try
to fit through the door one day.
Jim
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