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Technology Stocks : Apple Inc.

AAPL 273.85

+0.5%

Dec 24 12:59 PM EST

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To: Sam Scrutchins who wrote (12734)	5/5/1998 7:38:00 PM
From: Phillip C. Lee	Read Replies (1) of 213177

<<From your perspective, would you consider it plausible to see a gap on the opening tomorrow as the shorts panic and cover? >> For shorts, unfortunately, the answer is yes. Look at this way, there are 14+m shares of shorts who anxiously wait any precious downwards moment to cover now. If we only expect 10% of those shorts who are covering back tomorrow, then the 1.4+m shares from shorts alone will squeeze in within a short period of timeframe, the price will be jumped up quickly than your imagination. The shorts' happy hours have ended with a miserable way. Phil

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