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Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (8926)	11/29/1997 10:44:00 AM
From: marc chatman	Respond to of 13456

Steve, the published short interest as of Nov. 15 was: 1 Applied Magnetics Corporation APM 44.03% 10,527,746 www1.bigcharts.com But keep in mind that the best information we have (including CEO Crisman's thoughts as related by a poster on this thread some time ago) is that perhaps the majority of the short interest represents a hedge position for APM's convertible debenture holders (roughly 6 million convertible shares). We did see some indication of a mild short squeeze when APM ran up from the mid 20's to the 30's in July, but APM remained, at least to my recollection, the number 1 shorted stock on the NYSE. That would seem to confirm the debenture holder theory since we all expected the naked shorts to run for cover during that price surge.

To: steve goldman who wrote (8926)	11/29/1997 1:16:00 PM
From: AlienTech	Read Replies (1) \| Respond to of 13456

Hi steve, good to see you again.. Yes APM is a good company to invest, maybe for a long term investment of at least 1+ years, but woudnt WDC be a better invest at the same price?. APM's short intrest is almost 50% of float ie 10million and has the highest short intrest on the NYSE. I dont think anyone says APM is a bad investment, but the CEO does not do anything to raise investor value or impart information on how the company is doing. They made a presentation at the last techonology conference, in front of a packed audience. I thougth for sure that they would get a lot more coverage. But NADA/ZIP/NOTHING. I mean at the time this is a company with a P/E of under 10. Dont you think some regional and maybe even major brokers would like to start covering a company with such a low P/E and great prospects? Maybe its the companies attitude. All the major bulls on APM have now given up, maybe its time for some fresh bulls to start comming in and doing the hiphip hooras. I do think theres some major manipulations going on, that happens when ever you piss the anal-ists off.. A very good recent victum is CYMI. I dont think untill APM gets off their ass and get soe coverage from some major brokers its going anywhere after all theres much be some real heavy weights on it right now to keep the price down so low no matter what, I mean even ZITL is doing better with no earnings. Nothing with APM will change, they will let their 10Q say it for them and pretty soon that 10Q will say we aint doing so good. With no info comming out of the company and no hype to support themselves, APM is headed for that bright spot reserved for the me2's has beens.. For a good example of a turn around look at IOM.