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Technology Stocks : Applied Magnetics Corp
APM 1.070+1.9%3:47 PM EST

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To: hcirteg who wrote (10491)11/26/1997 10:46:00 PM
From: Jonathan Bird   of 12298
 
<<I own 500 shares that I bought a few weeks ago at $22>>

Talk about bad luck. A very regretable trade. It may have been a good idea at the time but the outlook has drastically deteriorated since. You should have acted very quickly when it was clear things weren't as the seemed. In the best case APM is going nowwhere. But I think this thing is only gonna get uglier over the next 4-6 mos. If you continue to hesitate you are going to see a 50% loss slowly but surely creep up on you. 12 mos is the earliest I would ever expect to see 22 again. Consider yourself very fortunate if you are able to exit above 17.5 sometime next week and don't look back. Don't let this dog keep you down.

Jon Bird
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