Applied Magnetics Corp Message Board

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Technology Stocks : Applied Magnetics Corp

APM 1.340

-0.4%

Dec 8 3:58 PM EST

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To: Jonathan Bird who wrote (10958)	12/10/1997 7:06:00 PM
From: Brian Lempel	Read Replies (2) of 12298

Jon, you sure called it! Congrats, of course. Now...can I have my money back please? I honestly don't see APM going too much lower. They at least anticipate remaining profitable during this tough cycle. If they can make it through this year without incurring too much in losses, they should emerge much stronger. At this point, I just can't see it going too much lower. The major damage here has been done. A couple points just wouldn't make that much difference after losing 66% already! I now firmly believe APM won't produce major losses, and will soon return to several dollars in earnings (by the end of '99). Based on that, this stock isn't even that bad of a buy for a long term, risk tolerant investor. Ironically, I guess that's exactly what all of those still holding from 30+ have become! Brian

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