Applied Magnetics Corp Message Board

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Technology Stocks : Applied Magnetics Corp

APM 1.350

-2.2%

Nov 17 3:59 PM EST

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To: SeanS who wrote (11038)	12/16/1997 11:59:00 PM
From: Area51	Read Replies (1) of 12298

I don't know Sean. I'm loyal to a fault to the stocks I buy, but what is going to propel this stock up? There are too many good stocks with good earnings prospects, to tie up a lot of money here. You like disk drives: why not pay a few more dollars and get QNTM with 98/99 estimates of 2.04/2.67. Also look at SFAM for a good value, with good appreciation potential. I think I'll buy back my March 20 calls, and sell the july 12.5 calls to reduce my cost basis to 17. If it gets called at 12.5, I'll consider myself fortunate to have lost only 25% on this disaster. Happy Holidays everbody, Garry

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