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Strategies & Market Trends : APMP (formerly APM)

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To: Rudy who wrote (8345)11/10/1997 2:04:00 AM
From: Rudy  Read Replies (1) of 13456
 
*** 1 STOCK 1 PICK *** My pick is PETD Long Op. 11/10

I pick PETD (7-1/8) because:

1. PETD is a long time (since 1995 summer) favorite of mine.
2. Great growth company with repeated earnings records.
3. Came up with great earnings announcement passed Friday morning.
4. Friday was up 9% while everything was down -> Good momentum.
5. Recently battered down from hi of around $11
6. Daily Bollingers coupled with MACD shows short term uptrend

There is strong resistance at 8.25. If broken huge gain's possible.
Acting on news! Long term trend is negative, MACD negative (bearish).
However on good news Friday went up 9+% on great volume. I'll take my chance on this one based on positive short-term chart, personal knowledge of history, and momentum on positive news.

Good luck all at this first week of "One Stock One Week" contest.
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