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

To: 777 Captain who wrote (11683)3/31/1998 11:42:00 AM
From: Spots  Read Replies (2) | Respond to of 12298
 
>> Any contrarian worth
his/her salt would tell you that now is the time to sell your shares in
APM. But a contrarian's contrarian would probably be looking to buy.

Yes. There are so many of us who hate to follow the crowds that
we're beginning to crowd the place.

BTW, the float has turned over in the last 2 - 2 1/2 months. Often
signals a breakout. Volatility has collapsed to virtually nil.
Another breakout signal. Now if we only knew which way to
break ... <G> The only real evidence we have is the iron-hard
support around 10 (which I thought would collapse like
a balloon, but no). Awfully hard to break through that, it
appears.

Regards



To: 777 Captain who wrote (11683)3/31/1998 6:33:00 PM
From: Robert T. Quasius  Respond to of 12298
 
Speaking of rankings, IBD now rates APM as a "B", which is their second highest rating. Seems that the stock is under moderate accumulation, quite a change from a few months ago. I think that all APM needs is a good announcement (i.e. roll out MR, announce major contract, etc.).


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