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

To: Frodo Baxter who wrote (11976)	5/20/1998 4:12:00 PM
From: Tom Simpson	Respond to of 12298

>Tom, if you're interested in arbitrage, For myself, not really, but it is always wise to understand what logic is motivating large positions. >Despite all this, I have an unhedged position in C I used to have a large one. I've been a big C fan since 91-92 when their bonds were yielding as high as 20% YTM. Got into the stock a bit later. Hindsight now tells me I lost patience with it a bit prematurely. The currency question adds interest to the combination. It would seem to offer a balance between the DM (Euro?) and the dollar and I lean towards a somewhat better than equal chance for the DM to rise relative to the dollar. Daimler's business I just don't know enough about. Best Regards.....Tom