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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Frodo Baxter who wrote (1728)	12/10/1997 7:21:00 AM
From: T Bowl	Read Replies (1) \| Respond to of 9256

Lawrence <<FYI, I had a limit short on APM at 12 at the opening. I didn't exactly get a good price (near the low for the day), but I figure the percentage gain is 100% regardless of entry price>> How about one of you financial weenies explain to me where you think the intrinsic value of APM is. In other words, how far can it fall? Obviously it wouldn't fall to $0 until the cash runs out and the equipment burns down. Where should I set my cover order? todd FWIW, I think the big buying yesterday morning was shorts covering, not aggr value buying. Just a gut. I figure they thought the bad news was out that they were expecting, they got a nice drop and they took a profit. As I said, just a gut because that sure was what I was thinking. (But I didn't cover)