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

To: soup who wrote (17143)	8/22/1998 9:18:00 PM
From: Phillip C. Lee	Respond to of 213176

The following illustrates an interesting statistics on shorts based on the rate (= shares shorts/Average Daily Volume) in July's data: (1) Rates: AAPL- 4.82; MSFT- 2.30; DELL- 1.52; INTC- 2.13; YHOO- 0.97. Prior to a series of good news on iMac sales(August 15th), the rate may still remain on the similar level. After iMac's popularity as well as terrific sales, the ratio may decrease due to short coverage and increasing daily volume. Most of short holders lose money depending on when they got into the market. August's data should be out any time soon, which may only factor in some of iMac good news. After all, short positions should be reduced to some extend as the expectations on the current and next quarters rise. Continue shorts squeeze? You bet it will. Reducing current short level by half will meet the average ratio described above, about 6.8m shares in short positions should be covered back to be in line with other companies in the same group. Phil

To: soup who wrote (17143)	8/22/1998 9:54:00 PM
From: Linda Kaplan	Read Replies (1) \| Respond to of 213176

The news release about Apple's starting to potentially increase market share through iMac sales seems like the precipitating event, as was discussed before. The last bastion of naysayers was that Apple was making more money but not selling more Macs and was not increasing market share. I think that news caused people to buy, and shorts to cover. Your thought that short covering was involved in the buying seems reasonable to me but I think it was precipitated by that important news release. I hope we do get an upgrade, too! Linda

To: soup who wrote (17143)	8/22/1998 11:07:00 PM
From: J R KARY	Read Replies (1) \| Respond to of 213176

Good different think(s) Soup on Friday's rebound Suspect we will never know why , but uncertainty makes a unpredictable market certain . Regards, Jim K.

To: soup who wrote (17143)	8/23/1998 1:14:00 AM
From: Slugger	Respond to of 213176

<<Reason for Friday's Runup. My best guesses are: 1) Belated -- but substantial -- by short-covering by a single -- but substantial -- entity. 2) Major purchasing by a wire house prior to a publicly announced upgrade. Merrill Lynch I bet. If we don't hear news of the latter soon, I'd expect it's the former. Nobody that screwed up so bad would want it known.>> I was away from my computer Friday so didn't get to see all the action. Sure seems odd that the stock would shoot up like that without some kind of news associated with it. Would have been nice to re-establish my position around 39 1/2...oh well.