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Technology Stocks : American Power Conversion

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To: Paul M. Rengier who wrote (2543)	11/22/2002 1:45:48 PM
From: Bernie Goldberg	Read Replies (1) of 2574

Hello Paul, On July 19th when the price of APCC fell to $11.08 you wrote:"sorry to say, that this fine company has broken major support @12$ and is headed down for a while. The pattern of a wedge confirms this. Fundamentally I am expecting these sort of news, that every major IT company is singing these days ..blabla... soft IT spending ...blabla...Maybe, they can stuff the channels for another good quarter, but this is meaning eating tomorrows lunch. A stabilization over 13$ would mean good news, but according to the trading patters in the last years and overall market condition, I see APCC cut in half. I invested successfully in APCC for the last years (I was out luckily @ 44$ and did not want to go short), but this time is definitively time to short the stock." I sometimes forget about the width of a TA pencil. The way I calculate half of $11.08 is $5.54 In any event I'm glad I didn't follow your advice on shorting, or sell my APCC. If I had I would have lost much more than my original five figure investment in APCC. It has been a great investment for me. Bernie

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