Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jadrew who wrote (10939)	12/10/1997 5:15:00 PM
From: Bald Man from Mars	Read Replies (2) \| Respond to of 12298

I guess if I bought in today at around $14, then I am actually only paying (60+14)/2 = $37 per share. I am not even at break even if the stock doubles !!! Guys, what should I do ???

To: Jadrew who wrote (10939)	12/11/1997 1:07:00 AM
From: Don Earl	Read Replies (4) \| Respond to of 12298

Hi Jadrew, <Good Purchase:> We'll see. I agree with everything you're saying. This started out as a short term trade but the more research I did the more convinced I became that it was worth sitting on and adding to on any dip. I believe the current price reflects incredibly agressive shorting agravated by some pretty wild earnings forcasts by an Anal that didn't know what he was doing. I don't mind making money on a short play now and then. Some of the things I look for are: 1. A PE over 50 2. An over bought condition created by hype. 3. A sharp spike well above recent moving averages. 4. A recent gap (gaps usually fill) below the spike. 5. Near the 52 week high. 6. A lot of recent insider selling. CFO, CEO, Pres., VP, Chair, etc. ______________________________________________________________________ I look at my list. I look at APM. I look at the shorts. I scratch my head. I do more research. I look at my list. I look at APM. I look at the shorts. I look at the charts. I look at my list.......... What happens on the day nobody wants to sell them stock to cover their positions? Ah, but this is different, a sure thing, it'll never happen. "Hi? Ma? I was wondering? Is it OK if I stay with you for awhile? I had to sell the house. It'll just be for a few weeks till I can find an apartment......." Regards, Don