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

To: Stitch who wrote (11482)	3/19/1998 8:42:00 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 12298

Stitch; I was hoping to get in as cheap as I could, and had just given up catching her back in the $10 range when she dipped the other day...as for the long standing short interest I've seen it before not often but the cases I saw were all bought out.. after they got the price down and held it down for some time. ----------------------------- It does not pay to count on what some one else tells you, all I can really count on is my own experence. In cases like this they have been more good than bad. ---------------------------- There is a lot I don't understand about the amount of short interest in the company..but I don't think I need to understand it. This is unusual and it's not just a bounce I'm looking for. All the hype and news aside..my intuition based on my past experance causes me to smell..a buy out. No rumor, no inside dope, just the way the short interest is stacked and has lingered..this is some sort of leverage. ------------------------- Her balance sheet is to good for it to be something else. There is risk here..there is risk with any stock..nothing is without risk in this market..but the odds..are good, and I see more up side than down side. You can't pull up a chart on CRYX any more..or I'd tell you to look at it..I was there for the same reasons I'm here, it took a while but it happend, and when the news broke it was tooo late, it seems the buy out boys covered after hours, then when she opened it was stright up and the outside shorts got killed all at once :-) One day she was $12 the next $25, you never know. Jim