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Technology Stocks : Apple Inc.
AAPL 255.48-1.1%Jan 16 3:59 PM EST

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To: Eric Yang who wrote (16102)7/30/1998 7:41:00 PM
From: Alomex  Read Replies (1) of 213182
 
Here's a wild guess:

The number of shares short was steadily declining since December, but it jumped back up in May when AAPL reached $30.

As it has been discussed here, one of the strategies from option holders to reduce their risk exposure was to short a part of their position when AAPL hit $30 or so.

So what if in fact the underlying number of shorts has been in steady decline and if it weren't for these option holders the short position would be in fact 10 million as opposed to the current 13 million with a small crest around 17 million in May?

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