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

To: tom pope who wrote (10078)	2/18/1998 9:59:00 PM
From: jermoney	Respond to of 13456

Who knows? This may be one of the great contrary stocks (apm) of all time. I'm still writing cc on apm March 12.5. I am amazed at the current price after reading the quarterly report. There must be something attracting $ to this stock that I don't know. Good luck jerry...

To: tom pope who wrote (10078)	2/18/1998 10:53:00 PM
From: Wayners	Respond to of 13456

No you are not dreaming. I pointed the APM basing out period a couple weeks ago in a post somewhere in here. I've noticed a few other posters on the "Applied Magnetics" thread that have taken notice as well. We had tightening bollinger bands, low volume, a pennnant/symmetrical triangle--which is what you'd expect at a bottom. Obviously APM is lagging behind a lot of the rest of the disk drive sector. The last few days was a gradual "breakout" to the upside. The 12 day trend is actually positive. There's a lot of reluctance and fear (and rightly so) from buying APM here. That is keeping it from doing a big spike up. Thats how a nice trend develops. It looks like a nice gradual trend building. Technically its looks very buyable here. As the trend develops, you'll see more and more people board the train, and shorts should have been covering throughout the base.

To: tom pope who wrote (10078)	2/18/1998 11:34:00 PM
From: WTMHouston	Respond to of 13456

Tom, I am far from a TA expert, but (with one day exception) volume looks just average. I generally agree that the chart looks like it may be turning, but some (if not all) of that could be options expiration this week....interestingly though, while 12 1/2 seems to be the favorite option this month, April's is 15...????? Seems like I heard a theory a while back that related expected future price movement towards the option price with the largest open interest. Is Friday a triple day???? In any event, if nothing else, I would want to get past this week first, just to be more (or less un) certain. Even with the chart looking like it is starting to turn, an underlying fundamental basis would sure be nice too. It is starting to look a bit interesting though. Troy

To: tom pope who wrote (10078)	2/19/1998 9:45:00 AM
From: Bald Eagle	Read Replies (1) \| Respond to of 13456

<<but I'd love to get some input from you guys.>> Every thing is, of course, just my humble opinion, not investment advice. I don't expect to see APM stray too far away from 12 1/2 until after options expiration on Friday. After that, I agree, that from a technical point of view, APM might break either up or down. The recent action has shown APM trying to break above 13 and stay there, but it keeps getting pulled back below 13. Personally, I think we will see upward movement next week, and who knows, maybe finish at about 15 for the March options? I am long APM (yes, really!), but sold Feb 12.5 covered calls, so I hope we close about 12 1/2 or below on Friday. Then I can keep my shares and sell some March 15 calls, when I can get a good price for them. If I can do this often enough, I might even get back the 35 I paid for APM not too long ago.