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Technology Stocks : American Power Conversion
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To: Greg Higgins who wrote (1285)4/27/1997 1:10:00 PM
From: Joseph Francis Torti   of 2574
 
Everything I said have come true. I said before earning were released
the stock would see 18.00 and it beat that. The night the earning came out everybody thought the earnings were great and the stock was going up I sat back and laugh. I said the income statement and balance would be worse this quarter and I was right One person who wrote to me if they would have inventory problems, and I said yes, if you can read the inventory was up 29 million. Yes you are right I should have shorted it and I wish I did but to be honest I thought the lowest it would go was 18.00 after the earning were released and it traded down from 19.00 to 15.50 within 15 minute and you need an uptick to short
so there was no way I could have shorted it and I was working last Wednesday when this piece of shit went from 22.00 to 18 5/8. but like I said there are a lot of other tech stocks to day trade and I rather short or buy them. I will get my loses back within the month but I will not day trade Apcc because it will not flutuate much in the comming months when their are other better buys. I sold half at 21.00
And holding the other half until somebody buys them out. This will be my last note on this thread so you people are on your own. Unless
somebody who believe in me has question about anything I would answer
as truthfully and insightful as possible. Ask anybody on the Micron thread if they think I am a bullshiting type, You will get your answer.
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