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

To: John Finley who wrote (12195)	11/4/1998 3:14:00 PM
From: Greg Jung	Respond to of 12298

The report was certainly pathetic. I suppose when there wasn't further selling on the news (better than doubled estimated loss) there was a short-killer raid. It also may be a top pick in the "Toxic Waste" strategy. Greg

To: John Finley who wrote (12195)	11/4/1998 4:25:00 PM
From: Stitch	Read Replies (2) \| Respond to of 12298

John, <<Stitch, you still around?>> Yup, and I agree that APM is luxuriating in a feeding frenzy on small caps that has been especially kind to the tech stocks, and a little move in APM can trigger a short squeeze. But one note. There are reports of MR head shortages. If so, this could force OEMs to relax quals and open the field to more then a couple of vendors. It is an extremely long shot and I would not be tempted to join those who are bottom fishing APM but it is the only glimmer of hope that I have seen. If it were not for this report I would likely be shorting APM again. Best, Stitch