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

To: T Bowl who wrote (11134)	12/27/1997 7:18:00 AM
From: Jonathan Bird	Read Replies (3) \| Respond to of 12298

How bout another price target from that Magic 8-ball Really hard to say with any hope of accuracy. Based on the premise that they will lose .82 cents this year, mostly in Q1 and Q2, then I say a target of 8 is very resonable within the next 1-4 months. Or in other words, if Q1 results don't pull it down that far, then Q2 will. And we've got a lot of downward momentum. But im open to the idea that things could get even worse. It would be a rare feat to be able to turn thigs around in only 2 Qtrs. Nice to see that there is still some bulishness around. Todays bulls are tomorrows sellers as far as i'm concerned. I just had a short exchange with AlienTech on the other APM thread. It reveals that reality still hasn't set it about how dire the situation is. I like to see that too. Too bad about Don bailing out on us. But my feelings are a little hurt that he doesn't recognize my contributions to the thread. It's not like I didn't sincerly try and warn the guy and help him to understand what was going on. Being the Angel of Death is truly a thankless job I guess. Jon Bird