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Technology Stocks : Applix is back in action
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To: Yuan Xiang who wrote (1990)12/9/1997 12:14:00 AM
From: John Ritter   of 3014
 
Yuan,

Yes, I tracked the chart, seemed oversold, sometimes this means bad news but there seems to be some 'depth' to this company and their product. If in fact APLX does drift back to ten there is a potential for a fundamental recovery. I don't know what percentage of the float traded below ten, that might give us some idea of resistance and timing for further moves upward. The news of their product shows monitary potential, the rumor of a buyout only makes me believe the product(s) are winners. Generally speaking we would be better served if this company came back on track and was not bought. Companies are bought because they are worth more than the stock price.

John
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