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Technology Stocks : Applied Magnetics Corp -- Ignore unavailable to you. Want to Upgrade?

To: Peter Yang who wrote (10292)	11/11/1997 5:02:00 PM
From: Joe S Pack	Read Replies (2) \| Respond to of 12298

I think some of the shorts have already started covering. We will see for after 15th. But a marginal change is already visible as the current short is 39% as ooposed 41+% as seen last month. I think todays upward movement may be due to some shorts covering. If this is true and if they keep covering for another few days, spike due to short may not materialize. So we will be bakc to basics of fundamentals. In that scenario we will have tough time for another couple of quarters at the least IMHO. All the best. -Karun