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Strategies & Market Trends : Tech Stock Options

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To: Nancy who wrote (6775)4/4/1997 9:17:00 AM
From: Joel Brussell   of 58727
 
Hello Nancy:

In regards to murdered stocks. Here are the pluses and minuses. They are not proxies of the overall market such as INTC, CSCO etc.
So when the NAZ rallies they may not participate as pure as the leaders.
But in a flat to choppy to down market, these kind of stocks are so washed out one is probably looking at basing at the worst. What is an example of this well WSTL was. Not any more.

APLX is. They've said they're going to have a loss. book value is about $3.
Judy and others will tell you there's no positive fundmanetals here.
I will say that's true but based on technicals the market has priced in the worst of all worlds.
Would I rather buy MSFT at 95 or APLX at 4 with stocks breaking down left and right. For myself the answer is APLX at 4.
AMTX may be another stock like this but it hasn't had its final waterfall gap yet.
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