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

To: john david martin who wrote (10277)	11/11/1997 4:14:00 PM
From: peter ashley	Respond to of 12298

I, too, would have liked an earnings warning, and would not have bought another 100+ shares at 29 if I there had been one. But blaming APM's share price drop on pr alone I think is blaming a miscellaneous factor. a) Good pr company's are getting smashed as well; isn't APM the least "talkative" of the DD's? And yet everyone is getting stomped, the good, the bad, the ugly. b) Your Crisman, every bit of good news this last 1 1/2 months is causing a price downturn, you have millions of shorts on your stock. You have, in the future 1) a technology transition 2) market dumping, but not necessarily on your patch of turf 3) customer's who may not want you to gab about this product transition because it may make them look bad. What do you say? This is a "correction", gut-check time, whatever. Those on margin have already left, and we now talk about cash value of the assets, like this business had not just reported .60/share for the quarter. It will get better.