Applied Magnetics Corp Message Board

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Technology Stocks : Applied Magnetics Corp

APM 1.560

+15.6%

Nov 18 3:59 PM EST

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To: 777 Captain who wrote (11683)	3/31/1998 11:42:00 AM
From: Spots	Read Replies (2) of 12298

>> Any contrarian worth his/her salt would tell you that now is the time to sell your shares in APM. But a contrarian's contrarian would probably be looking to buy. Yes. There are so many of us who hate to follow the crowds that we're beginning to crowd the place. BTW, the float has turned over in the last 2 - 2 1/2 months. Often signals a breakout. Volatility has collapsed to virtually nil. Another breakout signal. Now if we only knew which way to break ... <G> The only real evidence we have is the iron-hard support around 10 (which I thought would collapse like a balloon, but no). Awfully hard to break through that, it appears. Regards

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