Applied Magnetics Corp Message Board

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Technology Stocks : Applied Magnetics Corp

APM 1.120

+2.8%

Dec 30 3:59 PM EST

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To: Thomas George Warner who wrote (10369)	11/16/1997 9:05:00 PM
From: Jonathan Bird	Read Replies (4) of 12298

<<Jonathan profit margins at APM are not on the way down...see post 10361, which you more than likely did not read.>> Give me a break man. You've taken us in a circle. Post 10361 is the post I originally responded to. This is the whole point im trying to make. Check this out: Extrapolated from the 10Qs Profit Margin expressed in % rounded to .01 .........1997...........1996 Dec......?..............26 Sep......13.............14 Jun......17.............3 Mar......25.............10 Gross Profit Margin expressed in % rounded to .01 .........1997...........1996 Dec......?..............38 Sep......27.............30 Jun......32.............24 Mar......38.............29 Any way you slice it, both sequentially and year to year, gross and net, profit margins are turning down for the past 1 or 2 quarters. What you're looking at is 12 month figures. You gotta go QTR by QTR. Things change really fast. I can't emphasize this enough. Past performance data is only good so far as it helps you to determine a trend. The trend has turned down. Past performance can not help the future. You are a perfect example of the psychology that is holding this stock up(relative to the rest of the sector). <<Do not know where you got the idea that APM is not paying taxes either>> I didn't mean to imply that they were paying zero taxes. Just that they are using a lot of tax credits that have been saved up from all those years of unprofitability. Don't tell me you didn't already know this. You knew what I meant. <<It is obvious that you are not interested in discussing the facts, or in learning how to get started in properly researching this stock.>> Im not just getting started in APM. I've been trading in it since it was at 24 back in April. It was a good bottom fish then. It is not now in my opinion. If you've got anything else to add I hope you will do so. Despite what you might think of my contributions, I appreciate your point of view. One of the great things about SI is how you can get a perspective on the market psychology that is affecting a stock. When an investor like you realizes that APM is in deep dodo then that will perhaps signal a bottom to me. Good trading, Jon Bird

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