Applied Magnetics Corp Message Board

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Technology Stocks : Applied Magnetics Corp

APM 1.405

-1.1%

11:24 AM EST

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To: James F. Hopkins who wrote (11507)	3/20/1998 8:17:00 PM
From: PRO TECH	Read Replies (2) of 12298

James, the TA of APM is bearish. THE FA is bearish also. You're only looking at the short position to support your short squeeze. These positions are most likely fully hedged, some against convertibles and some with put options. EARNINGS are estimated to be negative for the next two quarters (at least). I will not invest long until I see their 10k report. This will tell the story. TED

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