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Technology Stocks : American Power Conversion

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To: Candle stick who wrote (1388)	5/28/1997 3:22:00 AM
From: Paul M. Rengier	of 2574

Candle, I love APC because it made me (and Theo Waigel, sigh) a lot of money. But I believe market makerrs are pushing this baby just to make some money out of shorts. Philip Crone may be right to think it will retest 15. My opinion is 16 btw. 15-16 by mid of july seems to be the best entry point. Of course, longterm you are right, Candle. That only limits your downward risk. See it in the light of a strong Wall Street in may. Some folks want to grab some money from the table and go fishing. Expect a long dull summer. Read: wait until july to buy APCC! Philip, your idea of shorting at 31 is great. Same with DEC at 40. This time I forgot, that the DEC price is driven high in may and november and down in june and december. +/- 1/2 month. Happy investing. Paul

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