Applied Magnetics Corp Message Board

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Technology Stocks : Applied Magnetics Corp

APM 1.380

-2.8%

Nov 14 9:30 AM EST

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To: Stitch who wrote (11480)	3/19/1998 4:58:00 PM
From: James F. Hopkins	Read Replies (2) of 12298

Stitch; I'm in APM for one reason..she has 40% of her shares shorted..all the tech stuff aside..half of that has to cover soon..there will be a pop..as most who wanted to sell have sold..as soon as the brokers cover their short position..they will sell her to a ready made market ( of shorts ).. she is going up from here ..if for no other reason than she is over shorted. It never fails. Jim

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