Applied Magnetics Corp Message Board

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Technology Stocks : Applied Magnetics Corp

APM 1.185

+4.9%

3:58 PM EST

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To: T Bowl who wrote (11503)	3/21/1998 12:13:00 AM
From: AlienTech	of 12298

>>Did you just discover the high short interest in APM? Ask yourself, if you had found this "gem" back in the middle of 97 would you be making the same argument about a squeeze? Probably because a lot of people were doing just that. A good excercise for you would be to go back and read the posts on this thread the week<< Watcha wana know? I remember we asked CC about it and he laughed. Prob would have had to laugh each time someone asked him that. We even tried to get an answer from him about covering the debentures early. He laughed at that too.. Then he would prob have to cover the debentures every time before they are due.. Guess he found it around 2 or 3 and he will leave when it gets down to 2 or 3.. And if no one else wanted this junk in the good old days when expansion was rapid and the stock was less than dirt cheap they are going to buy it now at these inflated prices with lagging techonology? Naw I dont thienk sooo... Actually this is a good place to short, If the market weakness in the tech's is comming I expect next support around 4.. PS.. yea I was telling people to buy @ 32+, of course that was before I found out CC laughed a lot. Then I was telling people NOT to buy at any price but there were a few who thought I was kidding, I think I have done more research on this stock than anyone on this thread. But hell if I coudl find out anything other than its too good to be true. And when something is too good to be true, Its not TRUE!

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