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Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (10765)	4/20/1998 6:06:00 PM
From: Wall Street Jr	Read Replies (2) \| Respond to of 13456

You mean something that goes down the drain? :o) >>>AT downgrades APM to less than bathrrom tissue<<< Applied Magnetics Corp. (APM - news) fell to 10-1/8 from a close of 11-5/16 after the company reported a second-quarter loss per diluted share of $1.33. The First Call consensus had been for a loss of $0.96 a share.

To: AlienTech who wrote (10765)	4/20/1998 9:02:00 PM
From: WTMHouston	Read Replies (1) \| Respond to of 13456

*1 stock - 1 week* APM short 4-21 open Pulled up my messages menu a few minutes ago and saw 21 new posts...now I understand why.... Looks like book value is down to $7 a share, which given the outlook for next quarter could drop to ~$5 a share.....$10 per share may quickly turn into resistance instead of support..... Yeh, right, Q4 will be better.....didn't he say that about Q2 and Q3 a while back?? A HUGE credibility gap, IMO..... Hope I don't get killed on the gap down... Troy