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To: Stephen McCullough who wrote (13809)3/26/1998 2:00:00 AM
From: DanZ  Respond to of 53068
 
APM.

Komag (KMAG) released bad news after the close today and their stock was trading down 1 5/8 to 14 in the after market. The company said it expects to report a first quarter loss that will "significantly exceed" analysts expectations. Analysts saw the company posting a loss of $0.53 per share for the quarter, according to First Call.

The chart pattern for APM is almost identical to KMAG, and if KMAG is still in the 14 area on tomorrow's open, then APM is likely to open much lower, along with the other DD stocks. KMAG has support at 14 and APM has support at 10 1/2. I may very well use this as an opportunity to buy either or both of these stocks depending on where they open and how they act after the open. I'm definitely selling my APM puts on the open if the stock opens below 11, which is very likely.

Dan