Applied Magnetics Corp Message Board

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Technology Stocks : Applied Magnetics Corp

APM 1.130

-2.6%

Dec 19 3:59 PM EST

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To: AlienTech who wrote (11550)	3/23/1998 11:55:00 PM
From: 777 Captain	of 12298

How much lower. On 1/13/98 APM hit 9 7/8 intraday - closed at 10 7/8. On 3/18/98 - stock hit 10 5/16 intraday - closed at the same, e.g., 10 5/16 - volume 323,600 shares. Today, APM hit 10 1/4 intraday, and closed at 10 5/16 - volume 374,400. We should know very shortly if 10 is going to hold. For what it's worth, the stock held up pretty well today until 3:00 PM EST, when a block of about 100,000 shares crossed the tape at 10 1/2 - shortly thereafter another block crossed at 10 5/16, or there abouts. Keep in mind that somebody was buying the stock that was sold (a short maybe?) - who knows.

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