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

To: Mark Adams who wrote (11511)	3/20/1998 9:46:00 PM
From: LK2	Read Replies (3) \| Respond to of 12298

>You have to remember that we tend to hear what we want to when we talk to others re a companies prospects.< I agree completely. Unfortunately, I spoke to Crisman once myself, because I was facing a margin call when the drive stocks dropped in October. I'm not a tech head, and I can't talk the talk, or understand the figures, anywhere close to someone like Todd (TBowl). But when I spoke to Crisman, I spoke very simply, and told him I had made a stupid mistake and bought too many drive stocks on margin, and because the stocks had dropped so sharply, I now had to sell off a lot of what I had because of what I owed on them. I told him I wasn't asking for investment advice, but that I'd only be able to keep a small part of what I owned. And I wanted to know what the current outlook for APM was, because I had been reading the APM thread for quite a while, and APM, along with QNTM and WDC, was a major holding for me. And that my understanding of the current outlook for APM, because of reading the thread, and some other information I read, was that APM was currently doing very well, they were booked solid, as much as they could handle, and that, when needed, they would be able to transition to MR technology. Crisman said, I don't recall the exact words, that they were booked for the current quarter (which was not as optimistic as what I had read on the APM thread, and I later reported this on the SEG or QNTM thread). He was not being negative at all, just not quite as positive as the APM thread was. But he said everything was going to plan, and that APM was milking TFI while others were having a problem making an early switch to MR. He spoke very confidently, and the impression the words gave off was that APM was doing very, very well. Unfortunately, I'm a little paranoid, and some of what he also said was a little strange (for a CEO or company official to be talking that way). He said that if I quoted him, he'd deny it. I don't know why he'd have to deny it, because he definitely didn't tell me anything except in the most general of terms, and none of what he told me was nonpublic knowledge. He quoted no exact figures or anything. Maybe that's just his style of talking. But I held on to the APM a bit longer (until it dropped to 25 from the low thirties), and sold off my WDC and QNTM as the prices on those stocks kept dropping as well. Do I trust Crisman? I certainly wouldn't buy a used car from him, unless I had a lawyer along with me. Larry