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

To: LK2 who wrote (1820)	12/16/1997 6:44:00 AM
From: T Bowl	Read Replies (1) \| Respond to of 9256

LK - <<are you guys still short APM>> I'm not. Got out last Thursday on the drop to $12.25. Kind of got a little nervous because it equaled about 60% of the assets in my acct. I took a healthy 13% boost to my total YTD return and called it good. Timed it right with the PR that came out luckily. Discovered that gift right here on SI. At this point I expect(hope) that the market has settled with the price for now. In a perfect world they'll rise back up to $15 in the next few weeks and I'll do it all over again! todd FWIW, I seriously think they're out of customers. I spoke to SEG IR about their intention to outsource MR heads and they said APM was NOT one of the companies in the qual(for the 2.1 and 2.8)... Why would that be? I think they are struggling just to keep up with the WDC accelerated transition at this point and can't afford to take on any more pgms. JMHO.