Applied Magnetics Corp Message Board

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Technology Stocks : Applied Magnetics Corp

APM 1.260

-3.1%

Dec 15 3:59 PM EST

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To: Spots who wrote (12105)	7/9/1998 8:34:00 PM
From: Stitch	Read Replies (3) of 12298

Spots, <<And yet, Stitch me lad, whenever I see an obituary like this, it makes me prick up my ears to listen out for a strangle or some sort of option arbitrage. >> I think your remarks are right on. Actually, I think I should have said "this company" is dead and too dumb to fall over instead of this stock. With short interest piled up so high there has to be a stop level that will keep it propped at some basement floor value. I am just not saavy enough like Gus and others to figure out how to play it. I stick to my fundamentals and, while I saw this coming quite some time ago, (my first negative post on APM was last Novemeber), I still am not much of a short player having only recently placed my first short bets ever. Ah well....live and learn. Best, Stitch

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