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Technology Stocks : Applix is back in action
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To: bakh malak who wrote (1976)12/6/1997 1:34:00 PM
From: Greg Jung  Read Replies (2) of 3014
 
What's new in the SEC filing that wasn't reflected in the stock drop
from 20 to 15 to 6.5 etc. Then earnings put it to 4 level with a 3 low. Nothing new since then, or point it out to me. Sales of the
main product went away, basically, and the new mix wasn't ready.
This happens to most sw product companies. Obviously you make a product and sales growth looks great but it only appeals to a market fraction that can saturate easily. With the new mix they made a little better than estimates last Q we'll see this Q if they can go according to the new plan. It is natural for stock prices such as these to languish in December, that is the why of the "January effect" - and why your timing would stink to sell now, imo, because as you can see the price will be rather motile in the 4-12 range possibly.
If by very high you mean 20 or so then you lost an opportunity to average down and trade to a more favorable basis, and now there is another opportunity, maybe.

Greg
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