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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: zsteve who wrote (24624)9/25/1998 9:19:00 AM
From: zsteve  Read Replies (1) | Respond to of 70976
 
Short #s: AMAT still had 13 million short intrest on Sept.15. I guess the nomber has gone up again since then.

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The following companies had the largest decreases in short interest: WorldCom, down 50,472,308 shares to 89,584,146; Tellabs, down 15,519,281 shares to 14,416,698; Informix, down 8,534,889 shares to 10,529,459; BioChem Pharma, down 4,066,178 shares to 5,751,411; and Applied Materials, down 3,716,268 shares to 13,079,930.

The following companies had the largest increases in short interest: Baan, up 6,157,457 shares to 23,224,997; SyQuest Tech, up 4,610,757 shares to 13,422,826; Dell Computer, up 4,448,265 shares to 57,772,689; Allied Waste Industries, up 4,123,919 shares to 7,124,719; and Quantum, up 4,043,070 shares to 9,417,693.

Among companies with the largest short-interest positions, Washington Mutual was down 2,757,731 shares to 41,054,422; Microsoft was down 2,084,619 shares to 24,776,088; Boston Chicken was down 853,356 shares to 22,169,138; Intel was down 2,666,371 shares to 18,200,962; and HBO was up 1,557,529 shares to 16,760,407.




To: zsteve who wrote (24624)9/25/1998 2:05:00 PM
From: Jacob Snyder  Read Replies (1) | Respond to of 70976
 
zsteve: re: "time to cover my amat short?"

Before yesterday, I would have said that AMAT was in a narrow trading range, 22.5 to 26. That's too narrow a range for a wild and crazy stock like AMAT, so it was bound to break up or down soon, out of its too-narrow constraints. Before yesterday, I would have guessed that it would extend its trading range lower. However, yesterday and today it has slid smoothly, on not-high volume, without having to try repeatedly, above 26.

So, you need to nervously ask yourself, where is resistance? 26? 32? 40? 54? My best guess is 32, now that the stock has nudged above 26. If I were you, I'd short more in increments up to 32, cover at 34 if it goes that high. Otherwise, cover when the stock bounces again at 22.5