Applied Magnetics Corp Message Board

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Technology Stocks : Applied Magnetics Corp

APM 1.310

-8.4%

Nov 21 9:30 AM EST

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To: James F. Hopkins who wrote (11325)	1/25/1998 2:24:00 AM
From: Jonathan Bird	Read Replies (2) of 12298

If I was short I'd want to be in that bunch that went in early. That's very insightful Jim. :) That real light volume on Friday indicates the sellers are getting thin, Thursday and Friday were down days. The first down days in a week. Sounds to me like the buyers were getting thin. with 46% short I'm tempted I know everybodys got their own strategys Jim, but buying in to a stock with high short intrest hoping for a squeeze is something that clearly didn't work with APM in the past. The fundementals on this stock have gone really sour. Surely before you would go long with a strategy like this you must have some hope that there will be some unexpected good news. The past 6 months have been nothing but unexpected bad news. What do you see that I don't? Jon Bird

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