Applied Magnetics Corp Message Board

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Technology Stocks : Applied Magnetics Corp

APM 1.400

+2.6%

Nov 7 3:59 PM EST

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To: Donald Isenhower who wrote (11439)	3/16/1998 12:26:00 PM
From: Dennis Nicks	Read Replies (1) of 12298

Donald, I had a similar thought regarding the timing of the dismal HD market and APM's current problems. I agree, they couldn't have timed it better (IMO dumb luck). If they were going to have a problem going to MR, it might as well be when the drive market is flooded and it looks like the end of the world is near. I'm not buying right now though... I'm watching and waiting... Here's something I thought about though.. Last month, the week of options expiration, we saw APM jump up to 12.5 or so. It was explained as some technical rebound to the lowest strike price. Are we going to see it again? It might be worth a nice 10% pop in a week.. Dennis

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