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

To: Kenwood Sun who wrote (11954)	5/17/1998 12:43:00 AM
From: Greg Jung	Respond to of 12298

Kenwood there are plenty of stocks trading at, or below, book value. Look in biotechs and software. Book value doesn't give you any measure of safety because if it ever gets to the point of liquidation, you are the last in line - and the line is usually longer than the resources. Greg

To: Kenwood Sun who wrote (11954)	5/17/1998 1:59:00 AM
From: Tom Simpson	Read Replies (1) \| Respond to of 12298

Kenwood, Question is, are you buying yet? Message 4424072 Lets see....May 12 close was 7 3/4, we are down to 7, that is just about 10% unsoaring. How low do you think we can go here before we start soaring? Best Regards....Tom

To: Kenwood Sun who wrote (11954)	5/17/1998 3:52:00 AM
From: Stitch	Respond to of 12298

Kenwood, When I look over the available places to invest my money APM is not one that comes to mind. I could be wrong. best, Stitch

To: Kenwood Sun who wrote (11954)	5/17/1998 9:53:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 12298

Kenwood, there are quite a lot, but take WFR, this company has a book value of 17 or so, the price is lingering around 14 to 15, and they are the second largest independent supplier of wafers to the industry. Their prospects are much brighter than those of APM (at least they do not depend on just one or two big quals). By the way, despite all these I am still bearish on WFR short term (I am a raging bull on WFR long term, which I am not on APM). Zeev

To: Kenwood Sun who wrote (11954)	5/17/1998 11:51:00 AM
From: appro	Respond to of 12298

Kenwood, You sound just like I did a year ago when APM was 32 but the fundamentals were much better and Value Line ranked it #1. The price kept dropping (to 22) and except for a brief bubble of excitement to 38 when the news confirmed what we expected on the earnings front it continues dropping. I think we will see a brief sinkhole of despair leading into July when the news will confirm what everyone here (and reportedly Craig Crisman) agree is currently happening. Right now APM is doing the limbo. I plan to go long on APM after the price goes up 50%. If this is the bottom I'll buy when it hits 10 1/2. If it goes to 6 first I'll buy at 9. If it goes to 4 first I'll buy at 6. If it goes to 2 first I'll buy at 3. And if it drops 20% after I buy I'm out.