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SHORT INTEREST IN VALLEY STOCKS

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The table below lists the short interest in various Valley stocks.

In a short sale, an investor sells borrowed stock--in effect betting the price will drop--after which he can buy back the stock at a lower price and return the shares to the lender and pocket the difference. Of course, if the stock goes up in price, the short seller loses money.

Short interest is the number of shares that have been borrowed for short sales and not yet repurchased. Also listed is the average daily volume of stock traded in each company.

NEW YORK STOCK EXCHANGE

No. of shares of short interest Stock Industry as of 11/15 Foothill Financial services 343,300 Glenfed S&L; holding co. 130,586 House of Fabrics Fabrics 71,200 Lockheed Aerospace 436,632 Walt Disney Entertainment 1,060,115 AMERICAN STOCK EXCHANGE ATI Medical Medical equipment 379,100 OVER-THE-COUNTER MARKET Amgen Biotechnology 147,849 Cherokee Group Apparel 3,463 Computer Memories Shell company 52,747 HOH Water Water Systems 73,396 Micropolis Disk drive 197,069 Traditional Inds. Photo developing 377,923 20th Century Inds. Insurance 71,752

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No. of shares Avg. daily of short interest trading Stock as of 10/14 % Chg volume Foothill 308,800 +11% 12,577 Glenfed 141,570 +8% 31,127 House of Fabrics 12,700 +460% 8,990 Lockheed 406,172 +7% 177,345 Walt Disney 1,446,265 -27% 262,195 AMERICAN STOCK EXCHANGE ATI Medical 360,900 +5% 9,900 OVER-THE-COUNTER MARKET Amgen 201,659 -27% 68,719 Cherokee Group 272,841 -99% 134,621 Computer Memories 53,317 -1% 73,691 HOH Water 37,935 +93% 11,622 Micropolis 179,787 +10% 129,638 Traditional Inds. 349,664 +8% 17,461 20th Century Inds. 57,966 +24% 78,126

Sources: New York, American stock exchanges; National Assn. of Securities Dealers

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