|
PureBytes Links
Trading Reference Links
|
APM released Qtr results today: $.85 vs .10, and sales up 68%
http://biz.yahoo.com/snp/97/07/14/apm_1.html
APM was up 13.45% today. :-)
On Wed, 09 Jul 1997 19:11:24 GMT, I wrote:
>Applied Magnetics (APM) broke out of its short term downtrend channel
>today.
>
>APM, with a PE of only 8, makes thin-film and magneto-resistive heads
>for the disk drive industry.
>
>The stock has formed a nice base over the last two months, touching
>the 22-23 range four times, while the highs have formed a descending
>triangle. The medium term (6 month) trend has also been down.
>
>The long term trend is strongly up, extending from the April 95 low of
>$2.75, through the July 96 low of $8.25, and providing support at $20
>today.
|