Applied Magnetics Corp Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Applied Magnetics Corp

APM 1.350

+2.3%

Dec 10 3:58 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Brian Lempel who wrote (11109)	12/21/1997 9:21:00 PM
From: Brian Moore	Read Replies (1) of 12298

In just a little over a year, APM ran up from 15 to 60, and then back down to 12. I believe the initial run up to 30 or 40 was due to impressive earnings. But the rest of the run, from what I understand, was due to large purchases by Vinik. Then he sold high, causing the stock to fall. A failed takeover attempt also caused the stock to fall. And now the sector in general is down. My question: Do you agree that Vinik was a major cause of both the dramatic rise and dramatic fall in the price of APM?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next