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

To: Jonathan Bird who wrote (11310)	1/23/1998 10:06:00 AM
From: appro	Respond to of 12298

APM>>(no)longer the most shorted NYSE stock<<. Very funny, Jon. : )) BTW, that chart on short interest is very interesting. It would seem to indicate we are headed lower after trying to establish trading range between 10 and 14. I think APM is headed much higher in the distant future (assuming it scrambles to rebuild business) but I believe we are entering the manic-depressive stage of bottom building in next few months.

To: Jonathan Bird who wrote (11310)	1/24/1998 4:02:00 AM
From: Jonathan Bird	Respond to of 12298

RE: Short Intrest Something has happend to the short intrest figures since I reported them a couple days ago. It was 46.89 and now its 48.6. It looks like the 46.89 figures are from Dec 15 and the 48.6 figures are from Jan 15, but perhaps not reported until the 23rd. At any rate, we are now at an all time high short intrest. From my biased point of view this is bearish. Since the last time the short intrest was this high APM lost 70% of its value. Another observation, the past two trading days have been record low volume days for the past year, with the 23rd beating the 22nd, trading only 195100 shares. In fact every day since earnings has been below the ave daily volume by a long shot. Don't know what all this means except that perhaps nobody seems to care. Jon Bird