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Technology Stocks : American Power Conversion

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To: Gil Gilbertson who wrote (1716)	8/10/1997 8:55:00 AM
From: Phillip Crone	of 2574

To All: I am short APCC as of Thursday at 27.75. I am not overly bearish on APCC as a company or a sector, I am just bearish on the market and the computer sector as a whole. If I had the guts I would probably be short Microsoft, Dell and Intel but I have my cash in other things like gold mutual funds. I don't have nearly as large of a position short as I did when I was long APCC a year ago. I will buy to cover when APCC comes back to support at 21. I will bail if APCC hits 31. (if some of you out there have never shorted a stock, please learn about it and never bet the farm. You could lose your entire net worth if something crazy happens. Remember the most you can make is 100% and the most you can lose is to infinitity.) Lot's of flux going on in the UPS market right now with Exide. Delay in Symetra is beginning to bother me and I can't find out the real story on the delay. Take care, Phillip

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