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Technology Stocks : Applied Magnetics Corp

APM 1.425

-13.1%

Nov 20 3:59 PM EST

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To: Spots who wrote (11697)	4/2/1998 8:22:00 PM
From: 777 Captain	Read Replies (1) of 12298

Spots, can't say I blame you. When I was in Texas (1980 - 1985) I saw both the boom and the bust. People were flipping mortgages, extending credit, etc.. At the time I worked as a corporate pilot for a construction company, and it was something to see the ego's that a quick buck generated. From there, I saw the economy slip into a depression (yes, I said DEPRESSION), you couldn't find work if you wanted to. (We had the same thing in Seattle in the late '60's into the early 70's with Boeing and the ripple effect.) Your decision makes sense, especially if you're comfortable with it. One thing I did notice during the lean years in Texas: some companies continued to do well, and it had a lot to do with management. Personally I hope we do see a correction, I am optimistic that it may help chasten some of the arrogance I am witnessing throughout this country. I'm sure you'll sleep better tonight, and odds are the market will still be here if and when you decide to come back.

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