Applied Magnetics Corp Message Board

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Technology Stocks : Applied Magnetics Corp

APM 1.050

-0.9%

10:30 AM EST

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To: Larry Brew who wrote (10090)	10/30/1997 6:52:00 PM
From: Bernard Levy	Read Replies (1) of 12298

Trader2K: I think that the 7,000 bottom wil hold for the Dow. We are just seeing the yearly bear market for tech stocks. APM is getting hit a little bit harder than other stocks, but everybody seems to be taking it on the chin: the current levels for WDC, RDRT, LSI, ASND, COMS, ANDW are hard to believe, but somehow the market seems to alternate between irrational exuberance and irrational pessimism as far as tech stocks are concerned. All of this should blow over within 3 or 4 weeks, but the values of tech stocks at the end of this nasty correction may not be a pretty sight. We can always look forward to the next period of irrational exuberance 6 months from now (I hope?)

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