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

To: appro who wrote (11516)	3/21/1998 1:49:00 AM
From: 777 Captain	Read Replies (1) \| Respond to of 12298

I'm afraid I can't provide any insights that aren't already posted here - I'm impressed with what I am seeing here. To answer your question: every year end I review my portfolio, APM came out after running a technical analysis screening program. Obtained a listing of about 35 stocks in total. From there, it's on to the fundamental, e.g., call to Mr. Crissman at APM (which he returned - talked for about 1/2 hour), review the financials, review the industry, pretty much standard stuff. I liked what I saw in the price/volume area, and still do. I don't expect the shorts to get burnt (at least not the pro's), and am not relying on that element in making the investment, but it's still something that comes up in looking at the stock. I don't expect to see any real change in the stock price until something fundamentally changes at the company or within the industry. If it becomes apparent that APM management has not learned from their "flat-footedness" that they demonstrated in the December quarter, I will be selling the stock. If they do have a handle on things, I don't know how much lead time (if any) I would have to establish a position in the stock. Thank you for responding, and I hope this answers your question. Regards.