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Technology Stocks : American Power Conversion

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To: David W. Taylor who wrote (2447)	2/25/2002 1:44:05 PM
From: David W. Taylor	Read Replies (3) of 2574

Responding to my own post of just over a year ago... On 1/22/2001: "As I said last week, I was out at $16, which has been briefly exceeded. My guess is that we have bit a dip coming as people realize that APCC will not be able to supply all of this demand." Well the dip came. Within a month of this post, the stock was at $12. We are now at $13 a year later and I see no prospect of any improvement. This is a great company, run well, in a good position in its industry and it seems to channel between $12 and $18. There's only one problem: with the high tech industry in such a slump, we could be about to break out of the channel here on the downside.

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