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

To: William T. Katz who wrote (11346)	1/28/1998 8:00:00 PM
From: Spots	Read Replies (1) \| Respond to of 12298

I'm afraid I agree, having gone in at 18 & out at 11-something. Not shorting, though I think that's the play if anything. >>Hard to believe this is the same company that projected continued strong demand for their TFI into mid-98. Gee. My sentiment exactly. This is not the company I bought into, by which I mean its picture is not the picture I painted for myself when I bought in. This is a good stock to tell me something about my FA ability (lack of). Live and learn.

To: William T. Katz who wrote (11346)	1/28/1998 9:47:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 12298

HI Bill; Re> I just shorted at 12 1/8 today. I agree the short interest is high, but as a former shareholder around 30 that sold around 25, I find this company deserves to be shorted. << ------------------------------------- Thanks for letting me know you shorted, I was watching the bid/ask and figured a lot of people were at least trying to short her there. And it put a lid on her rise , for today. ------------------------------- I know how you must feel having bought at 30 and dumped at 25, but you know it don't make any differancve if a stock deserves to be shorted. Do you know if when you shorted, you may have sold short to another person who had shorted when she was 25, and covered, say half their short. Will likly buy on down ticks and short on up ticks. Brokerage houses some how maintain shorts in stock like this , and work the spread staying short just above the majority, they have the data and know how to maintain a short position that's just above most traders. It's a hard game to win in a highly shorted stock, only about 15% to 20% of individual shorters ever beat the curve. Highly shorted stocks attract the sharks so be careful. ------------------- Now I don't know much about the company, just a glance..earnings mean little to me. By the time the puplic gets them they are priced in the stock. If they are hyped the insiders sell into the rally. Some stocks go up in the face of bad news , and down on good news it happens all the time. There are companies that have no earnings, almost no cash, large dept. and sell for 90 a share. I'm convinced that like sex, 95% of how good a stock is, is just someones frame of mind. All the earnings reports ect are mostly window dressing or like the make up, a gal puts on. <G> --------------------------- I do a handicapping sort of race track thingy, what dog is going to beat the other dog, now he don't have to win, if he got the right odds I might roll him in a quinella. To me the stock market is one big paramutual gambling hall, that dresses itself and the gamblers in it up as respectable investors, but an investment is just a speculation you haven't cashed in. The real money in the market is made same as at a race track, by the bookies, and the insiders. ------------------------ Handicapping, What I like to know is who owns the stock, how much of it, and how is the rest of their investmets doing. What funds are into it, how many options does a company give to their employees. Is a lot of it owned by some fund that is weak and has attracted the offshore guys into pouncing on it, by a system of shorting first one then another of that funds holdings ? it happens you know. --------------------------- Back to APM..the short interest is high , the sharks are here, 46% short interest failed to drive her much below 11, and then for just a little bit. That says a lot. Sooner or later at least half that has to cover. ( it's like a stock who has had it's shares greatly diluted ) but later buys back almost half of them. My guess is the shorts on the top side of the totom pole are holding a position that averages them short above 15, maybe 20. I don't want to own the stock, but if I catch her down maybe I can wager some calls. I might later use them as cover to short some myself. ( if I were to see the short interest drop off and felt I was shorting after a squezz ) But I don't evert short stocks without cover. Never, I do short a basket ( like SPY ) I mean who can squezz the whole market, AOL shorters and Yhoo shorters have made the Brokers rich. Crammer ( thestreet.com ) shorted AOL so much, and lost so much that if he were to wind up short when she falls, and if she goes to zero he could never recapture his losses. <G> Jim