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Technology Stocks : American Power Conversion
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To: Candle stick who wrote (1388)5/28/1997 7:49:00 AM
From: Phillip Crone   of 2574
 
Candle, I sold them because I am trading right now and not investing and I bought some a few weeks ago in the 15's and this was a nice quick gain.

I used the word hope because if you will read most of your posts over the past few months you will pick up many words that don't speak of technical signals, like hope, pray, wish, should.

Don't take this the wrong way because many of us including myself say and feel the same way. This is just an observation that maybe you can use to your advantage if you choose. If you are going to be a strict technical trader then try and shut of the emotional side of your brain if possible. On the other hand if you want to be a fundamentalist then a little praying can always help, works for me.

Seriously, as I have said before try and understand my logic. I bought this stock last year in the 8's and sold near 15, so at 21 bucks a share appears expensive. Technically speaking I see the market topping out right now and am looking for a pull back again like we saw a month or so ago. Because of that I believe that for this month APCC is at the top of the trading range, not breaking out as you suggest. Since I don't own the stock now I hope that I am wrong for your benefit.

Happy trading,

Phillip
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