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Technology Stocks : Applied Magnetics Corp
APM 1.280-2.3%Nov 24 3:58 PM EST

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To: Don Earl who wrote (11137)12/26/1997 3:13:00 PM
From: LK2  Read Replies (1) of 12298
 
Don, you've been told plenty of times that you should take any information you get from Crisman with a (large) grain of salt.

Apparently, you find it hard to believe what people like Todd (T Bowl) tell you about APM.

Why you think that the January quarter for APM will be a >>blow out<< is hard for me to understand. Personally, I don't know what the stock price will do, or what the company will earn (or lose) in 1998. My current belief is that APM earnings will either drop sharply or turn negative unless they can get new business to replace the TFI heads they currently sell.

If you're really putting money into APM stock, and not BSing, then you should get someone you trust to read APM's financial reports and see if they come up with the same ideas that you do (about why APM will make a lot of money). It would help if the person is familiar with the stock market and with disk drive stocks.

To me, it sounds like you're either a little confused, or a little desperate to justify why APM is a good 'value'.

-LK

PS. We are still in a bull market, even though stocks like APM, QNTM, and WDC make it look like a bear market. Just think what could happen if we really get into a bear market. Or better yet, forget about bull and bear, and try to understand what is happening to APM and the disk drive sector. Try to get it clear in your own mind, and then check with somebody else, that invests in stocks, to see if what this other person believes fits with your information.
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