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To: Jonathan Bird who wrote (11144)12/27/1997 9:16:00 AM
From: Jonathan Bird  Respond to of 12298
 
Nice to see that there is still some bulishness around. Todays bulls are tomorrows sellers as far as i'm concerned.

Todd,
I only just now realized the irony here. The longs consider the shorts as rocket fuel, and the shorts consider the longs as another log to throw on the fire. Fortunately for us an APM short squeeze is an event that only exist in myth. The Longs are always sure its right around the corner. And if not that corner then surely the next, then the next blah blah.
An APM firesale however would not be unusual at all. No leap of faith required. Just a realization that history tends to repeat itself will suffice.

Jon Bird



To: Jonathan Bird who wrote (11144)12/27/1997 11:47:00 AM
From: AlienTech  Read Replies (1) | Respond to of 12298
 
>>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.<<

Jon! Now pay attention.. When everyone on this thread was talking about loading up around 22-25 6 months ago, I was the ONLY one saying be carefull! But even I got carried away with all the euphorea. I bought some @ 25 and sold @ 32, then bought some at 35 and sold it on the morning of the great depression at the lowest of the day @22. So yes I lost money and got blind sided when a few days before crissman said things were going as planned, What I took that to mean was things were on target of the analyists, not that things were on HIS personal target. I havent bought or sold APM since that fateful monday although I might be looking to buy some at these levels.
Where were you when I was saying not to average down or buy the last 2 months when it was 20+ and that it was a short at those prices going forward?



To: Jonathan Bird who wrote (11144)12/27/1997 10:22:00 PM
From: T Bowl  Read Replies (1) | Respond to of 12298
 
JB -

When you calc Book Value, do you use primary or diluted shares?
(sorry for the stupid question - just want to make sure)

todd