Applied Magnetics Corp Message Board

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Technology Stocks : Applied Magnetics Corp

APM 1.345

-2.5%

Nov 17 2:23 PM EST

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To: Area51 who wrote (11039)	12/17/1997 1:00:00 AM
From: SeanS	Read Replies (2) of 12298

Hi Garry, I noticed today that APM and the dd makers rose pretty much in unison today. I believe that right now in tax loss season alot of invesors are looking at most of the stocks in this scector as interchangeble (rightly or wrongly). Once we get into 98 I think some of the selling pressure will be off and alot of big institutional money will flow in looking for bargains. While I would not advocate putting substantial sums of money into APM I really believe that there is such a storm of negativity surrounding this co. that any upside surprise in earnings could cause some rapid upward price movement in a relatively short period of time. I certainly don't pretend to be an expert, but I have played with the market since I was a teenager ( I am 42 now) and have witnessed over and over again sectors and individual companies that today are dogs and tomorrow are darlings. Today, investors and institutions are so short term oriented that I believe they often fail to step back, take a breath, and examine the whole picture. Also, I feel that most stock analists are usually a day late and a dollar short in their estimates and recommendations. They love stocks when the momentum players have run them sky high and hate them when they are down at bargain levels. The point of all this, is that I think that for all but the most short term oriented players it is way to early to count APM out which is what most participants of this thread seem to have done. Thanks for the advice on your other stock picks, I will check them out. Best Regards, Sean

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