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

To: Stitch who wrote (11857)	5/9/1998 8:02:00 PM
From: put2rich	Read Replies (1) \| Respond to of 12298

<You can play "squeezes" all you want. This stock will be $3.50 a share by July 25. It will be history by late Q4.> Why will it go that low? Who are the competitors (RDRT?)? A co-worker plunged couple of thousands shares at 25 and still hangs on. Guess the paperloss is too big for him. He told me a good buy at 12+ and I did jumped in/out for small short term gain. If it goes to 7 many will face margin calls. I plan to buy some in and out < 7 for a couple of hundreds $ gain.