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Technology Stocks : Applied Magnetics Corp
APM 1.070+0.9%Jan 2 9:30 AM EST

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To: Nevin S. who wrote (10306)11/13/1997 3:16:00 AM
From: The Duke of URLĀ©  Read Replies (2) of 12298
 
Nevin or Anyone: Excuse my ignorance, and i am new to this tread and to APM. I am not new, however, to fundamental analysis. Did i miss something. I did some quick work on this company, determined that it was an excellent investment at circa 33, take a small position with some excellent in the money mid term calls, and boom, this puppy does a number "4" off the high board. Yes,this is a fast moving sector, and co fortunes change rapidly, but this co has been around a long time, long enough to know how to stay in business during intense competion of years past. Then, whacko the stock gets hammered, more so than the general downturn warrants. Is everyone playing a long term horizon of about two weeks in this stock. Did I miss something? Que Pasa?? Any comments would be appreciated.

The Duke.

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