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Technology Stocks : Applied Magnetics Corp
APM 1.395+1.8%1:43 PM EST

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To: Kenwood Sun who wrote (11891)5/11/1998 2:34:00 PM
From: appro   of 12298
 
>>yeh, I am waiting buying 99,999,999 shares @ 0<< Yeah, same here. I did buy some EVRX, Everex Computer a few years ago at a slight premium ($1.25). I still have them on my brokerage statement every month priced at $0.00 to remind me not to bet the farm on my hopes for a miracle. Fortunately, I had bought enough to sting a bit, but not so much that I lost my sense of humor.

Hope I remember that when I finally decide to do my imitation of the moth flying into the flame.

Of course, APM will have to issue those additional shares the stockholders aprroved for us (misery loves company).

Seriously, as APM falls below the $10 and $5 thresholds, some funds will be forced to divest (the opposite of accumulate as in regurgitate). And then surely it will be removed from the S&P600 small cap index, perhaps putting additional pressure on the divestors.

On the bright side, APM had close to 10,000 employees at one point whose considerable efforts could be redirected into tin panning for gold or, better yet, opening new internet services (ticket to the moon).

It could happen.
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