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

To: Jonathan Bird who wrote (10958)	12/10/1997 7:06:00 PM
From: Brian Lempel	Read Replies (2) \| Respond to of 12298

Jon, you sure called it! Congrats, of course. Now...can I have my money back please? I honestly don't see APM going too much lower. They at least anticipate remaining profitable during this tough cycle. If they can make it through this year without incurring too much in losses, they should emerge much stronger. At this point, I just can't see it going too much lower. The major damage here has been done. A couple points just wouldn't make that much difference after losing 66% already! I now firmly believe APM won't produce major losses, and will soon return to several dollars in earnings (by the end of '99). Based on that, this stock isn't even that bad of a buy for a long term, risk tolerant investor. Ironically, I guess that's exactly what all of those still holding from 30+ have become! Brian

To: Jonathan Bird who wrote (10958)	12/11/1997 1:38:00 PM
From: T Bowl	Read Replies (2) \| Respond to of 12298

JB - <<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.>> OK dude. My limit cover at $12.25 just went thru... Enjoyed my ride from $15.5 to $12.25 in a week!(sorry guys, I had to say it once.) Extremely lucky on this one... Well, almost as lucky as Ken L who reversed his position on Monday I believe - KL let me know when are going to make another trade and I'll ride on your wave Personally I'm hoping for a boost back up to the $15s again in the next few weeks... todd