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

To: Jonathan Bird who wrote (11283)	1/20/1998 8:05:00 PM
From: Frodo Baxter	Read Replies (1) \| Respond to of 12298

>I figure for every poster we have 100 lukers... Doubtful. Okay Jon, I admit it. It was me. I'm buying like a madman so that I can short squeeze suckers like you! ;)

To: Jonathan Bird who wrote (11283)	1/20/1998 9:57:00 PM
From: Spots	Read Replies (1) \| Respond to of 12298

Well, I match your category of buyers who lost money. I sold last Thursday, and I am watching with interest to see if anyone on this thread is buying. But I doubt that we're the ones doing it. Even the dumbest of us (e.g., yours truly) eventually gets the message. This is a thin float stock (esp. for NYSE), so my guess is that institutional traders are managing to hold up the price while unloading. BDWIK. Regards

To: Jonathan Bird who wrote (11283)	1/20/1998 11:17:00 PM
From: Bald Eagle	Read Replies (2) \| Respond to of 12298

<< Perhaps instead of buyers I should be looking for unwilling sellers?>> I guess I fall into the category of unwilling seller. I've lost so much ( %wise, anyway ) that I feel I may as well hang onto this one until the bitter ( or maybe, sweet ) end! I sold some Feb 12.5 covered calls to raise a little cash, so I may really be an unwilling seller next month. Especially since I get charged the regular commission rate for that kind of sell. I kind of feel like a blackjack player who started with a couple of thousand, only has a few hundred left, but is not going to leave the table until he gets his money back or loses it all. I just wish I could get some of those free drinks they give away at the casinos.