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

To: Zeev Hed who wrote (11933)	5/15/1998 5:12:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 12298

Zeev; I stepped out of this stock Monday,, almost went back in Tuesday but didn't..tempted today but didn't..tech is getting hammered all over the place right now. I've played this one 5 times now and she has bit me the last 3 on a row, so I've got cautious with her. Non of my plays in tech are anything but short term trading plays. Normally my timing is better than with this one..( my sleeper PLSS jumped up 25% today ) so that took some of the sting out. With the bad news from Intel and HWP..tech is no place for a bull for a while. I'm not hot on the market internals any way, been on the BK thread telling them the whole thing looks shaky. We got a little pop this week with the dollar up, because of the new Asia problems, but that didn't have much phoff in it.. Maybe next week after the FED meets we will see some direction.. My trading APM was not real bad as I was mostly in and then out on the smallest bubble but it was a net loss. The worst was some short term calls I took when I exited the stock..7.5 at 3/8 they expired worthless, yuk :-). Volume low today most tempted me but I did not want to hold her over the weekend, heaven knows what Monday will bring..but I'll likely be looking at other angles than APM. If a stock beats me three times it's time to move on. You bears can have this baby. ( that's sure sign she will now go up <G>) Jim