Applied Magnetics Corp Message Board

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Technology Stocks : Applied Magnetics Corp

APM 1.415

-0.7%

2:25 PM EST

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To: Dchapman who wrote (11384)	2/6/1998 7:09:00 PM
From: DAVID BANISTER	Read Replies (1) of 12298

I will tell you why I think he is right I bought at 11 13/16 this week just so you all know im long. The time to buy is when a company is bleeding some ink, which we are. But all of this bad news is in the stock price obviously. Hell, they even said next quarter will be flat, and the quarter after that perhaps a nightmare... and the stock is same place as when this was mentioned. When lots of bad news is coming out and a stock stops going down... that usually indicates a bottom, especially with tech stocks. We've seen it over and over... remember AMAT and its rebound...how about intel early 96??? Cisco anyone??? APM is in similar position, one of the leading suppliers... spending tons of $$ on R and D right now... new product line likely to be accepted and profit margins will increase and the stock will turn up. WIth the stock basing as it is now, and this board 99% negative, its usually a great sign of a bottom. If you all hate the stock so much, then sell... me, I'm in for a nice ride up... ok, here is one more for you to bite on... remember the electronic retailer Best Buy??? anyone want to look at that chart from this past spring to now??? you should have seen the thread on that baby at the time around 10 per share...haha... watch and learn.... Be Foolish

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