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Technology Stocks : American Power Conversion
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To: Paul M. Rengier who wrote (2518)10/31/2002 10:24:50 AM
From: Bernie Goldberg  Read Replies (1) of 2574
 
Hello Paul,
you wrote two weeks ago:I don´t know, what kind of drugs these guys of Forbes Magazine are on, but to assign a P/E of 20 to a company whose earnings growth is guaranteed by managing their expenses is a bit optimistic in these days. Don´t forget, we are still in a bear market. The last days are just a small bear market rally due to oversold conditions.
I expect APCC to sink down in the lower single digits.

"This is not talking down an otherwise good company. But there are better candidates for an appreciation in price. SY & BMC could be a better candidate, just to mention some. CSCO on the other hand could be a better short candidate. APCC doesn´t move to much.
Happy investing (better keep your money out of stocks)"

You also wrote a month before that that, that you were closing your short position on APCC.
Question #1: Did you make lots of money on your short position?

Question #2; With your market timing brilliance were you smart enough to buy some APCC yesterday?
Bernie
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