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


To: Spots who wrote (11584)3/24/1998 8:57:00 PM
From: DanZ  Read Replies (1) | Respond to of 12298
 
I think APM will run into resistance between 12 7/8 and 13 1/4. The upper daily bollinger band is at 12 7/8 and the stock ran into trouble in this price range on February 17-20. I think it will likely head lower so I sold my long position today and bought April 15 puts just before the close. Best of luck to everyone.

Dan