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Technology Stocks : American Power Conversion
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To: jas cooper who wrote (1606)7/15/1997 4:50:00 PM
From: Joseph Francis Torti   of 2574
 
I thought $24.00 was for the free dinner. You're saying it was $29.00. You shouldn't have mention the deal price. (G) Ok today action was dull and I came very close to selling this morning. The bid size to ask size was not positive or negative all day and the total volume and options interest is not there. We are right at the 200 day moving average. So now I feel if this can break the 22.50 on more then average daily volume of more then one million then we should at least maybe see $24.50 top that happen last May. The only way this will see $25.00 short term is if they report at least 30 cents or better last quarter. First call estimates is I believe .28 cents and I said they do 25 cent because of the strong dollar against European currency. Well for the first time since January I am wrong. Jas, I will be out of this stock between tomorrow or by earning date depending on the trend of the stock these coming days. I will never be long this and would be happy to get out at 24.00 my break even would be $26.00. I sold half awhile back the day it went to 24 1/2 I sold at 23 5/8 that morning I was not home to watch it tick by tick and I would have sold all my position at $24.00 if I was watching it that day. So sorry to aggravate all you bulls on this tread. (G)
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