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Technology Stocks : American Power Conversion
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To: The Ox who wrote (2546)11/22/2002 3:33:01 PM
From: The Ox  Read Replies (1) of 2574
 
I expect APCC to sink down in the lower single digits.

This does NOT sound like you were predicting an $8 share price. Lower single digits sure sounds like $5 or less. You were very wrong at the time you posted this comment:

Message 18120943

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)

Paul
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