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Technology Stocks : Walt Disney

DIS 112.34

+1.0%

Dec 22 3:59 PM EST

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To: Option Player who wrote (552)	5/5/1998 10:25:00 AM
From: Jack Chen	Read Replies (2) of 2222

My opinion is this Mr. James O'Brien guy just dislike the Disney company very much for some unknown reason, he probably does not even own a single put contract. But..there are some professional fund managers out there should be fired long ago, it always amazed me the amount of shorted shares of DIS outstanding, DIS is the most heavily shorted Dow stocks for as long as I have tracked the number, there are many occasions these managers could have covered some short but I believe they did nothing, last time I looked there were some 26 million shares short, very soon we'll see 78 million shares short:-)

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