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Technology Stocks : Applied Magnetics Corp
APM 1.640+5.1%Nov 19 3:59 PM EST
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To: Jonathan Bird who wrote (11323)1/28/1998 4:08:00 PM
From: James F. Hopkins  Read Replies (2) of 12298
 
Jon; If your not looking the covering has started,
But there are a lot more trying hard to short at 12-1/6
and 12-1/8..which seems to have but a lid on her for the
time being. My guess is 90% of her volume today is short
covering and re-shorting. This is no place for me, short
or long I got here to late. Man I wish I had bought thoes
calls last week. There is just too many shorts out under 12
and they are going to feel some pain, from the ones on top of
that totom pole.
Jim
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