Applied Magnetics Corp Message Board

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Technology Stocks : Applied Magnetics Corp

APM 1.060

0.0%

Jan 15 3:59 PM EST

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To: Lucas Wan who wrote (10104)	10/31/1997 7:09:00 AM
From: Richard Haugland	Read Replies (1) of 12298

Another word - stablize the US market. Mark my word ! I believe we may see some of that today. The Asian markets made modest advances overnight and Europe is up about a percent at this hour. When we see volumes return to more normal in the US we will know that some stabilization has occurred. APM's volume the last week has been over 1,000,000 shares a day but dropped significantly yesterday relative to past days. I am hoping for under 1,000,000 shares today, unless it is a strong push [bounce?] up for APM. IMO, With a float of 19.4 million shares that is too much trading on the downside.

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