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Technology Stocks : Applied Magnetics Corp

APM 1.370

-2.1%

Nov 6 3:59 PM EST

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To: James F. Hopkins who wrote (11816)	5/4/1998 5:25:00 PM
From: T Bowl	Read Replies (3) of 12298

<<OMG they done shorted more..ahayyyy stop that yek I got run buy more..it's now 9-5/8..ahhhhh 9-9/16th...more shorts ?..9 1/2 were is the damm bottom.>> Stare at the intraday chart James. It wasn't the shorts dragging this dog down. Remember a short can only happen on an uptick. I put in my market short at 6:05am this morning when I first saw the news. It didn't go thru until the first uptick at $9 15/16... It wasn't short selling that did it(there are too few upticks). Granted, the shorts, like me, :) probably kept any upward momentum from getting started, but it was the longs finally bailing out that did this today. todd

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