Applied Magnetics Corp Message Board

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Technology Stocks : Applied Magnetics Corp

APM 1.120

-11.1%

2:10 PM EST

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To: Spots who wrote (12076)	7/1/1998 9:35:00 AM
From: ItsAllCyclical	of 12298

Spot, I bought mostly because you rarely see a tech company trade below book value (almost 50% below). I don't like APM's future, but people are buying into the whole sector. I think this may be the last day of the short squeeze for APM, but we'll see. APM has a much smaller market cap than most of the other stocks in this sector. As such it can be manipulated, run-up, squeezed much easier. I think that's part of the reason why APM is flying and SEG isn't. Almost half of APM's shares are short. This is purely a short term trading op.

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