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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Sam Scrutchins who wrote (12734)	5/5/1998 7:32:00 PM
From: Alomex	Read Replies (3) \| Respond to of 213177

From your perspective, would you consider it plausible to see a gap on the opening tomorrow as the shorts panic and cover? I'm not sure if it will happen tomorrow, but I do expect shorts to clue-in more or less en masse and cause a quick raise or gap in the price. Everyone has looked for months at this level as a psychological barrier. I agree that a new one-year high is important. It would have been better if the price had ended over $30 as well (another psychological barrier). It is interesting, however, that AAPL did not close at its intraday high.

To: Sam Scrutchins who wrote (12734)	5/5/1998 7:38:00 PM
From: Phillip C. Lee	Read Replies (1) \| Respond to of 213177

<<From your perspective, would you consider it plausible to see a gap on the opening tomorrow as the shorts panic and cover? >> For shorts, unfortunately, the answer is yes. Look at this way, there are 14+m shares of shorts who anxiously wait any precious downwards moment to cover now. If we only expect 10% of those shorts who are covering back tomorrow, then the 1.4+m shares from shorts alone will squeeze in within a short period of timeframe, the price will be jumped up quickly than your imagination. The shorts' happy hours have ended with a miserable way. Phil