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

To: Pierre-X who wrote (10308)	11/12/1997 7:37:00 PM
From: fut_trade	Respond to of 12298

Depends on the stock and the company. If a company has a high short interest, the "technology" changes, and then the company blows earnings -- then the short interest was a useful indicator for alerting investors to be cautious. NASDAQ is a whole different story. A high short interest sometimes indicates a potential for shorts to be squeezed. I've seen it happen with IOMG and YHOO. Since APM is NYSE, the MM's are absent and a lot of the potential for a squeeze is gone. Peter