Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jonathan Bird who wrote (11281)	1/20/1998 7:38:00 PM
From: LK2	Read Replies (1) \| Respond to of 12298

>>Will someone who is buying APM please come forward. I want to understand what is driving this stock up.<< Unfortunately, it's not that simple. My guess is that most of the people on this thread, who were bullish, lost money on APM in the last year. So even though the people on this thread, who probably knew more about the company's fundamentals than the average investor, were buying the stock at different times and different prices, that didn't drive the stock price higher. What you read in the newspaper about why stock prices are going up and down is basically bullshit. After a while, you begin to realize that the >>experts<< are sometimes giving the same reasons why a stock went down to explain why a stock went up. -LK

To: Jonathan Bird who wrote (11281)	1/21/1998 5:43:00 PM
From: Dave Chanoux	Read Replies (2) \| Respond to of 12298

Jon, I am a "holder" not a buyer, but I have appreciated all you have contributed over the last several months. I am similar to the poster in 11290 (sorry I don't remember the name, too old). So I should offer my 2 cents. You seem to be looking for rational arguments (Indeed you have led a very rational argument since the stock was in the 30's). But unfortunately the market is not completely rational. A case for buying (which I know you won't buy...) is that all the bad news is out, there cannot be any more. The projections have considered all the bad news and they are as bad as they are going to get. Nowhere to go but up; it's worth the bet. Another point of view is the rational for the share price. If you examine the formula: APM price = .7 (that's point seven) times WDC price you would find it to be true over the last 6-9 months. Deviation from this formula was not much and did not last too long during this period. So APM is rising because it is following WDC. On a slightly different topic, I want to moderate your opinion of Mr. Crisman, if possible. As the owner of a small company, I can imagine the euphoria of latching on to a cash cow customer (WDC) and riding it for all it was worth, distracted to the point of blindness from the reality which struck in December. I imagine that Mr. Crisman, opened his mail or answered his phone on that day in December, muttered some four-letter words, and wondered what to do next. (It's happened to me.) But the company is not dead. The future is foggy and dark. The stock price is low. Buy low, sell high. Thanks and regards, Dave Chanoux