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Technology Stocks : American Power Conversion

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To: The Ox who wrote (2255)	12/11/1999 7:36:00 AM
From: Paul M. Rengier	Read Replies (3) of 2574

Folks, this stocks moves precisely according to chart analysis. After stopping 1/4 $ before its high (resistance) it dropped down to its support @ 22. This is where I increased my position. After a little backing and filling, it will retest its resistance @ 27 3/4 and eventually break through. Depending on the market, it could drop not too much before finally breaking. target after the break is 32. So 24 seems to be a good entry point. Buy @ 24, Stop loss @ 20, target 32. 30% gain vs 15% loss. BTW you can hold for long term and decide to buy more in case. Another holding which moves violently acc to TA is BMCS. Just tested its support @ 70. Target 88-89, next break 84. Risk 60. For the more risk averse investor try CPWR or CA. All targets are 3 month. APCC & BMCS tend to blow off on high volume, so keep an eye on it. APCC uses to blow off in spring. Best regards. Paul

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