Applied Magnetics Corp Message Board

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Technology Stocks : Applied Magnetics Corp

APM 1.141

+3.8%

Dec 18 3:59 PM EST

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To: Tom Simpson who wrote (11956)	5/17/1998 12:02:00 PM
From: Kenwood Sun	Read Replies (1) of 12298

I was not saying the APM was at bottom here. What I said was that APm had been intentionally forced to dive down by many institutions. I don't know what the bottom APM can reach, maybe at 2's or penny, which will be determined by analysts. I belief APM will surely recover some day later, when fund managers accumulate enough shares. I have 500 shares APM @ 9.25. I have positions on ASND @39, RATL @14 and TSLP @7 since last year. I have seen all of them bottomed since then and now become the winners in my holdings. My experience told me patience is very important, and can be rewarded later, as long as the company still has opportunity to recover. Remember APM still large cash position, and the company is currently in transition to MR? I may buy more if APM down to 6 or below, and hold it until it recover. I am not a day trader after all. It seems there are a lot of shorters on this board, I really don't understand why they waste their time staying on the thread. investing? I don't think so. shorting more? maybe. If so, simply do it. APM may be overpriced @ 20's, but not around 10. It will recover to that level. Best regard kenwood

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