Disk Drive Sector Discussion Forum Message Board

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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 282.58

+8.6%

Feb 6 9:30 AM EST

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To: T Bowl who wrote (1711)	12/8/1997 8:14:00 PM
From: Frodo Baxter	Read Replies (2) of 9256

Congrats Todd on your APM short. You did your homework and will be rewarded tomorrow. I, on the other hand, was biding my time waiting for a suitable entry and missed it completely. I'll take credit for your success anyway, though ;) biz.yahoo.com "However, it is anticipated that revenue will rebound in FQ 2/98 up to 20% as compared with FQ 1/98 as drive inventories are brought into line." Horse feces. APM is flirting with bankruptcy. The stock will drop, so the convertibles will remain debt, not equity, preventing further borrowing. The Malaysian banks will call back, if they haven't already, APM's $50 million in loans. Say bye-bye. p.s. I didn't know Ayn Rand had much to say about monetary policy...

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