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Technology Stocks : American Power Conversion
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To: Candle stick who wrote (1750)8/24/1997 1:09:00 PM
From: Phillip Crone   of 2574
 
Candle, I covered at 24.5. I am a real chicken when it comes to shorting and I don't like to be in there for too long. I made a nice 3 point profit in a couple of weeks and that is all I was really looking for.
I am very confused about the market as a whole right now. I could be convinced of both camps right now, a surge to 9000 and a crash to 6000. I will just keep putting money into my gold mutual funds and wait for a clearer picture.

As for APCC itself I am becoming more and more bearish. I am a little bit worried about cusotmer satisfaction as well as employee moral at the company. Both are at an all time low in my opinion. (over that past 4 years).

I am getting more and more complaints from my customers about service and attitude from APCC employees.

I have gone through 4 reps over the past couple of years and I don't even know who my rep is now. I get no information from the company about what is going on and I find out most of the new product information either from customers who "heard" about a new product or from communication they send out to the end user community, which is several month too late in my opinion.

I still love the APC product line but these indications above are signs that don't make me feel comfortable putting my money in their hands.
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