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Technology Stocks : Applied Magnetics Corp

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To: T Bowl who wrote (11822)	5/4/1998 6:03:00 PM
From: Spots	of 12298

>> it was the longs finally bailing out that did this today. That's my reading too. Remember that iron-hard resistance at 10 (thereabouts)? That's a new carbon-steel ceiling in the old home place, or I miss my guess. I admit I often miss my guess <G>. I haven't been able to watch the market closely today, but I thought about your "hoping for a bounce to short" comment earlier and wondered if you'd done it anyhow, because once it broke through we weren't very likely to see the bounce. I didn't short it myself, but only because I've missed my guess so often lately. I'm following Spots's 1st law at the moment (when everything you touch turns to crap, keep your hands in your pocket<G>). Spots

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