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

To: Jonathan Bird who wrote (11728)	4/14/1998 8:29:00 PM
From: Greg Jung	Read Replies (1) \| Respond to of 12298

I'm looking at the Seagate results. -0.1 -0.43 (charges) and yet the instinet trading has it up 3. Jon can you tap into the perverse logic of this market? Would shorts cover when the earnings aren't worse than expected? Gross profit, 12.2% down from 25%. Also, I've been eyeing Adaptec. Recently dropped below 20 still there last I looked today. 80% institutional ownership means (I think) that it won't pop upwards so fast, although another bad break could take it lower. Greg