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


To: Anthony Ostroski who wrote (11041)12/17/1997 1:54:00 AM
From: Area51  Respond to of 12298
 
Anthony, I can't say much for analysts as they are very adept at recommending that you buy high and sell low. As far as thread sentiment, it's good to consider all advice critically. I do wish that I had been a bit more open to the advice on the SIII thread which was overwhelmingly negative when the price went under 10, so I guess I don't think that buying stocks with the most negative sentiment on SI is a good strategy. I hope that APM does well, I just don't see much to base that hope on. In some respects that's good because expectations are very low, so maybe they can exceed expectations. But with APM since management is so tight lipped with information, a lot of investors might expect that the analysts are wrong, and the surprise might come when actual earnings are in line with the estimates.
FWIW I did verify the earnings estimates in Market Guide
Yr ending 9/98 -0.83 (most from the -0.78 in Q1)
Yr ending 9/99 0.40 (only 1 estimate)

Best of Luck to all,
Garry