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Technology Stocks : Applied Magnetics Corp

APM 1.340

-4.3%

9:43 AM EST

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To: Robert T. Quasius who wrote (11436)	3/7/1998 11:45:00 PM
From: Donald Isenhower	Read Replies (1) of 12298

I am tending to agree on the long-term statements that have shown up on the past few messages. Since no "good" news has come from anywhere and since APM and RDRT both held up remarkedly well with RDRT's recent warning, I am becoming convinced that these two have pretty well reached bottom. No, I am not convinced that they won't go lower, but if all the recent news (e.g., Compac's warning yesterday afternoon) doesn't take it down below $10 next week, then we are seeing the highest resistance APM has encountered on its retreat. Donald

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