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


To: Stitch who wrote (11480)3/19/1998 4:58:00 PM
From: James F. Hopkins  Read Replies (2) | Respond to of 12298
 
Stitch; I'm in APM for one reason..she has 40% of her shares
shorted..all the tech stuff aside..half of that has to cover
soon..there will be a pop..as most who wanted to sell have
sold..as soon as the brokers cover their short position..they
will sell her to a ready made market ( of shorts )..
she is going up from here ..if for no other reason than she
is over shorted. It never fails.
Jim