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Technology Stocks : Apple Inc.

AAPL 278.79

-0.7%

Dec 5 9:30 AM EST

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To: Golden Bear who wrote (21364)	12/22/1998 5:46:00 PM
From: HerbVic	Read Replies (2) of 213173

Whatever the November short interest was, it increased going into December. There was a lot of covering in the 32 to 35 range but, judging by the way the MMs dug in at every psychological resistance point, there is a short squeeze play in progress. Their strategy will likely be to wait out this flurry of Apple polishing and seek to cover later in the week or next week when the flood of new buyers slows to [what they hope will be] a trickle. Their problem is that EVERY tidbit of information in the current Apple polishing news, hits their collective short positions like a nine pound hammer! Tomorrow's open will break the 38 barrier. 39 1/2 will be the next Waterloo. HerbVic :o)

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