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Technology Stocks : Applied Magnetics Corp

APM 1.125

-5.1%

3:59 PM EST

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To: Dave Chanoux who wrote (11443)	3/12/1998 11:40:00 AM
From: SeanS	of 12298

You are reinforcing the point that I am trying to make here! I was tremendously bullish on APM a year ago. It looked as if Crisman was a genius who had taken a nothing little spin-off and turned it into the golden goose. Throwing my usual caution to the wind, I invested very heavily in this company and persuaded my friends, relatives, some business associates and even my doctor to invest in this "sure thing" Virtually all of us on this thread were true believers, once the street woke up and smelled the coffee, this stock was headed for the troposphere, or so we thought. We thought that the companies silence was just genius Crismans' idiosyncracy. Everything you guys are commenting on recently, we hashed and rehashed over and over last year. Now let me tell you what the reality was. Crisman and APM was and is nothing more than a flash-in-the-pan! He saw an opportunity to fill a niche that briefly existed when other companies were ramping up to the new technologies MR, he stayed with TFI and sold the hell out of them. But the niche has evaporated leaving APM desperately trying to revamp at a time when their cash is rapidly being depleted and demand for the technology is very weak when and if they do get their s--t in gear. We discounted the few analysts who saw this coming, and the short sellers who saw what was happening and profited handsomely. I don't know you, but I hate to see anyone get sucked into this pit. I am not an idiot or a loser. I have raised 4 kids and still done well enough to retire at 41. My advise to anyone reading this is to look around and find something better than this stinking fish to invest your money in. Good Luck, Sean

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