|To: Ian@SI who wrote (80)||11/29/1997 9:52:00 AM|
|From: steve goldman|
I am definately a bottom-up value investor. Hard drives just became big on my radar screen. Don't minimize the fact that it might take a good few months or even longer to shake out the issues, if ever, and move higher. As well, you have to filter out the crap hard drive companies from the solid ones with earnings, no debt etc. I posted the message below on the APM thread and thought I might get some feedback from here as well.|
Anyone have the lasted short interest in APM. Lets say they only make 1.70ish or so for the next year (they made good cash the past 4 qtrs which lets you know what kind of assets they have), with a large short interest, I would think this is a prime canditate for a short squeeze. Especially since the hard drive co.s seem to be bottoming out. From my perspective, shorts like to wait for the last dollar and never seem to get it. A stock that just earned 66 for the quarter can by whatever technology it needs.
I don't own it yet, but having been around long enough, I have seen stocks with earnings like this turn on a dime. After all, we're not talking about .03 cents or a dime. 66 is decent stuff, that's net of paying thebills, the salary, the r&d,etc.
If anyone knows the short interest, please post it or email it to me.
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|To: steve goldman who wrote (81)||11/29/1997 6:15:00 PM|
APM short interest is:
November Ocober %Chg Avg Dly Vol
APPLIED MAGNETICS 10,527,746 9,316,049 13.0 1,135,618
If you subscribe to the WSJ, you can get this at:
I wouldn't expect the HDD companies to go up much before tax loss
selling season ends, but I don't really know. In terms of prospects
for the stocks in my post yesterday, I suspect all will double from
today's price in less than 2 years.
Does anyone have a case for a double in less than 1 year?
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|To: steve goldman who wrote (81)||12/7/1997 2:26:00 PM|
|From: Dale Baker|
Does anyone think QNTM has turned the corner or is this just another head fake? The fact that they haven't said "boo" about fourth quarter earnings is more worrisome than reassuring. Either they are the white knight in a blood-drenched sector or Freddie Kruger is waiting just around the corner with a big knife...|
I'm open to opinions.
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