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

To: Brian Lempel who wrote (10810)	12/8/1997 5:46:00 PM
From: hossein hosseini	Respond to of 12298

<<considering the short squeeze that will happen tomorrow.>> We used to hear this line when I owned APM and it was trading in the mid 30's. Looking at all the posts since September '97, it appears to me that all short were right after all. "short squeeze" if there is such a thing will only last a day or two. After that the stock will resume its' normal course which is down. I fail to understand why some folks are so caught up with this stock. IMHO, APM or any of the DD stocks are going nowhere soon. For your money's sake, wait for them to form a base and catch it on the way up. APM has been on a down trend ever since it could not break the 35 level about 3 months ago. The trend is still down and IMHO will remain for a loooong time!! Goo Luck to all, Hossein - a former APM holder P.s. Most shorts buy some cheap call options anyway to protect their position.