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Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?


To: marc chatman who wrote (9603)1/5/1998 1:16:00 PM
From: john p. carney  Read Replies (4) | Respond to of 13456
 
<Glory Days are back! APM up 1 1/2 as I write. Somebody pinch me!

(I don't own any, but it's about this time last year we saw the run to the big 60).>

Pinch Pinch. this time last year drives were on allocation, thin film was APMs sole (almost) province, not a technological buggy whip and Vinik was eating APM shares for breakfast.

I would bet this is short covering. The shorts are locking in big profits after the first of the year and Uncle Sammy won't get his until April '99. I think the drive stocks still have more downside than up.

John