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

To: Jonathan Bird who wrote (10604)	12/4/1997 9:52:00 PM
From: Rational	Read Replies (1) \| Respond to of 12298

Jon, In the end we are all speculating more then we would probably like. But I still think the longs are speculating more then the shorts. Are you short? How do you know that longs are speculating more than shorts? If this were true (and the market did not know this), the price would immediately fall. Shouldn't the current price reflect the degree of speculation in a stock? Sankar

To: Jonathan Bird who wrote (10604)	12/10/1997 6:55:00 PM
From: Jonathan Bird	Read Replies (2) \| Respond to of 12298

Anyone remember this? This was my target. We will surely reach it now. Are there any shorts out there who can justify a lower target near term? A more recent example would probably be in '96 when the stock traded as low as 130% book value after APM earned .10 for qtr. They were able to patch it up the next qtr with record earnings, so it didn't have a chance to go lower. But I sincerly believe we are looking at the posibility of at least to ruff qtrs for APM. The second probably being worse then the first. I calculate APMs book value now to be 9.4. If we were to get a 130% book value we would go to 12.22 share price. Jon Bird