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Technology Stocks : American Power Conversion
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To: BOJO who wrote (1225)4/24/1997 10:37:00 AM
From: Candle stick   of 2574
 
NAW, the move up didnt last, selling on heavy volume, again (1/2 mil shares after 1 hour and now down on the day)....all I can imagine is that the insiders know its going to be a crappy number and are jumping ship fast.....with every other tech stock I can think of blowing out earnings estimates I cant imagine why APCC would not have a decent quarter,,,,I would think that the market would have felt the same way and that at worst APCC would have been unchanged to slightly up before the number....the fact that we had the biggest decline in months to new lows on very heavy volume says that the earnings have been leaked , probably to some institutions and they are dumping in a hurry.....all we can hope for at this time is that this selloff will be construed as already factoring the bad news......incredibly dissapointing..........;^(
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