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

To: William T. Katz who wrote (11571)	3/24/1998 4:32:00 PM
From: Bosco	Read Replies (1) \| Respond to of 12298

Dear William - while it is possible that APM, or any co for that matter, may ve a major major loss [to use your words,] but it won't be bad news if it is fully anticipated and discounted. Months ago I ve warned the bulls of this thread not to set themselves up for a fall. They threw around number like $1.20 net etc etc. OTOH, recent mos, some people are so negative as though APM would be out of business tomorrow. I see both extremes. It is more important to manage expectations. In my mind, unless there is extra bad news, like restatement etc, DD glut is already factored in to the share price. Of course, I could be wrong <g> And I certainly respect you for putting money where your mouth is. Time will tell rgds Bosco