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Technology Stocks : American Power Conversion

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To: Bernie Goldberg who wrote (2544)	11/22/2002 2:08:49 PM
From: Paul M. Rengier	Read Replies (2) of 2574

Bernie, ok, I got what you mean. With cut in half I did not mean "from todays price of 11" but from the previous high of 16.60$. Sorry for causing confusion. In my post from July 31 I was more precise: "Let me calculate the target price of APCC 16.24 (year high and top of the wedge) - 12.5 (former support and bottom of the wedge) = 3.74. 12.5 - 3.74 = 8.76. This relates to a P/E of 16.55, which still is generous these days." The problem with succesfull stocks in someone´s portfolio is the danger of falling in love with it. Going short for a while is a healthy way to avoid such mistakes. Best regards Paul

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