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Technology Stocks : American Power Conversion

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To: Paul M. Rengier who wrote (2129)	4/3/1999 8:09:00 PM
From: Bill Martin	Read Replies (1) of 2574

Re: Probably some shorts driving APCC down. Nope. Actually, they're cashing out and if anything, the shorts are propping the stock price up somewhat. You can see the short interest numbers for APCC (or any other NASDAQ stock) at: viwes.com The short interest ratio has been dropping since Dec98. Also the absolute number of shares sold short has been dropping with the exception of a small uptick this month. As you said though, the technicals on APCC look pretty grim. I do like it on fundamentals though. This combination keeps me on the sidelines with this one, waiting for the technicals to turn. Bill

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