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Technology Stocks : Applied Magnetics Corp
APM 1.300-2.3%Dec 12 9:30 AM EST

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To: Jonathan Bird who wrote (10604)12/4/1997 9:52:00 PM
From: Rational  Read Replies (1) of 12298
 
Jon,

In the end we are all speculating more then we would probably like. But I still think the longs are speculating more then the shorts. Are you short? How do you know that longs are speculating more than shorts? If this were true (and the market did not know this), the price would immediately fall. Shouldn't the current price reflect the degree of speculation in a stock?

Sankar
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