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Technology Stocks : Applied Magnetics Corp -- Ignore unavailable to you. Want to Upgrade?

To: John E. Stanga who wrote (10232)	11/9/1997 2:44:00 PM
From: blankmind	Respond to of 12298

-- A few years ago, the airlines were all predicted to go bankrupt due to pricing competition. Then the airlines wised up; maintained prices; and it's one of the most profitable sectors. -- Before that, it was the steel companies. Before that, the car companies. But in the end, these larger companies always come back stronger than ever. And, yes, there will be shakeouts and mergers along the way. -- My point: the dd players will come back. APM, with its $10 book value and 9 mill share short position, will help lead the way. Out.